India witnessed a significant surge in March in sunflower oil imports, soaring by 51 per cent compared to the previous month, reaching the second-highest level on record. This increase was primarily attributed to lower prices, compelling refiners to boost their purchases of sunflower oil while decreasing their procurement of rival palm oil, according to the […]
India’s vegetable oil imports witnessed a 13 per cent year-on-year (YoY) decline in February 2024, reaching nearly 9.75 lakh tonne, according to data released by the solvent extractors’ association of India (SEA). This decrease follows a similar trend observed in January 2024. The SEA reported that total vegetable oil imports, which encompass both edible and […]
India imported 1.2 million tonnes of vegetable oils in January 2024, 28 per cent lower than it shipped in the same month last year at about 1.7 million tonnes, data compiled by The Solvent Extractors’ Association of India (SEA) showed on Monday. Of the total imports, it consisted of 1.19 million tonnes of edible oils […]
The Indian government has imposed a 50 per cent export duty on molasses and extended lower import duties on edible oils for another year. Aimed at bolstering domestic ethanol production and ensuring edible oil affordability. This high export tax will apply to molasses, a crucial component in the production of ethanol. According to a notification […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
