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India's Vegoil Imports Set To Jump 32% In June - IVPA

1 Jun 2020 6:43 pm
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MUMBAI ( commodities control) - India's vegetable oil imports are likely to surge from June onwards as lockdown curbs are eased.

India could import 1.14 million tonnes of vegetable oils in June, up from an average of 865,000 tonnes during April-May, said Sudhakar Desai, president of the Indian Vegetable Oils Producers' Association (IVPA). "Vegetable oil import needs could be 1.3 to 1.4 million tonnes per month during the July to September period," Desai said after a webinar with industry officials. India extended its lockdown until June 30 in high-risk zones but permitted restaurants, malls and religious buildings to reopen elsewhere from June 8 despite a record high number of cases detected nationwide on Saturday. The country's edible oil consumption could drop by nearly 7% to 21.7 million tonnes in the 2019/20 marketing year ending Oct. 31 as demand was squeezed during the lockdown, Desai said.

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