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, the world’s largest vegetable oil importer, is expected to buy more soyoil in 2024, while palm oil sales will likely fall, news agency Reuters reported on Monday. According to Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and advisory business, India’s soyoil imports would increase to 4.3 million metric tonnes in the […]
India’s imports of palm oil and sunflower oil in 2022-23 surged by 24 per cent and 54 per cent, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday. Higher purchases by the world’s biggest […]
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 […]
