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Informist, Thursday, Sep 12, 2024

 

--SEA: India Aug vegetable oil import 1.56 mln tn vs 1.87 mln yr ago 

--SEA: India Aug edible oil import 1.54 mln tn vs 1.85 mln tn yr ago 

--SEA:India Aug crude palm oil import 700,711 tn vs 824,224 tn yr ago 

--SEA: India Aug RBD palmolein import 92,130 tn vs 283,234 tn yr ago 

--SEA: India Aug crude soyoil import 454,639 tn vs 357,890 tn yr ago 

--SEA: India Aug sunflower oil import 284,108 tn vs 365,870 tn yr ago 

--SEA: India Nov-Aug veg oil import 13.7 mln tn vs 14.1 mln tn yr ago 

--SEA: India Nov-Aug edible oil import 13.5 mln tn vs 13.9 mln yr ago 

--SEA: India Nov-Aug crude palm oil import 5.9 mln tn vs 6.2 mln tn 

--SEA: India Nov-Aug RBD palmolein import 1.6 mln tn vs 1.9 mln tn 

--SEA: India Nov-Aug crude soyoil import 2.7 mln tn vs 3.2 mln yr ago 

--SEA: India Nov-Aug sunflower oil import 3.1 mln tn vs 2.5 mln tn 

--SEA: India edible oil stock at ports as of Sep 1 at 1.04 mln tn 

--SEA: India edible oil stock in pipeline as of Sep 1 at 1.88 mln tn 

 

MUMBAI – India's vegetable oil imports declined 16% on year to 1.56 mln tn in August, the Solvent Extractors' Association of India said today. The vegetable oil imports in August consisted of 1.53 mln tn of edible oils and 27,100 tn of non-edible oils, the association said. Edible oil imports in August fell 17% on year.

 

India is the world's largest importer of edible oils. The edible oil year runs from November to October and the basket comprises crude and refined palm oils, crude soyoil, and sunflower oil.

 

The cumulative import of vegetable oils in Nov-Aug, the first ten months of the current oil year ending October, declined 3% to 13.7 mln tn from 14.1 mln tn during the same period of last year, the association said. 

 

The import of crude palm oil in August fell 15% on year to 700,711 tn, while refined, bleached and deodorised palmolein declined 67% to 92,130 tn. Crude sunflower oil imports in August declined 22% to 284,108 tn from 365,870 tn a year ago, the association said. 

 

However, imports of crude soyoil in August were up 27% on year at 454,639 tn.

 

India imported palm oil from Indonesia, Malaysia, Papua New Guinea, and Thailand, soyoil from Argentina and Brazil, sunflower oil from Russia, Ukraine, and Argentina and refined, bleached and deodorised palmolien from Indonesia and Malaysia, the association said. 

 

As of Sep 1, the total stock of edible oil available was estimated at 2.93 mln tn, against 3.74 mln tn a year ago. Of the 2.93 mln tn, about 1.04 mln tn of edible oil was at ports and around 1.88 mln tn in the pipeline, the association said. 

 

The following table details import figures of edible oils in August, in tn, compared with the year-ago levels and the change in percentage, according to data from the SEA:

 

Edible oil	August 2024	August 2023	Change (in %)
Crude palm oil	700,711	824,224	(-)15
RBD palmolein	92,130	283,234	(-)67
Crude soyoil	454,639	357,890	27
Crude sunflower oil	284,108	365,870	(-)22
Total	1,536,229	1,852,115	(-)17

 

End

 

Reported by Anjali Lavania

Edited by Saji George Titus

 

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