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India's Feb Palm Oil Imports Down 7.79% MoM: SEA

15 Mar 2019 12:40 pm
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MUMBAI (Commoditiescontrol) - India's Palm oil imports fell by 7.79 percent to 7,51,703 tonne in February from a month ago, industry body Solvent Extractors' Association of India (SEA) said on Friday. 

India, the world's leading vegetable oil buyer, had imported 8,15,236 tonne palm oil in January this year.

However, the country's total vegetable oil imports rose to 12.40 lakh tonne in February this year compared to 12.28 lakh tonne in January.

The share of palm oil is more than 60 percent in the country's total vegetable oil imports.

Among soft oil, import of sunflower oil increased to 2,00,358 tonne in February this year from 2,00,027 tonne in a month ago.

The inward shipments of soyabean oil also rose to 2,20,376 tonne from 1,85,906 tonne in the said period.

(By Commoditiescontrol Bureau) 

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