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Informist, Friday, Oct. 11, 2024 

--SEA: India Sept vegetable oil import 1.09 mln tn vs 1.55 mln tn yr ago 

--SEA: India Sept edible oil import 1.06 mln tn vs 1.49 mln tn yr ago 

--SEA: India Sept crude palm oil import 432,510 tn vs 705,643 tn yr ago 

--SEA: India Sept RBD palmolein import 84,279 tn vs 128,954 tn yr ago 

--SEA: India Sept crude soyoil import 384,382 tn vs 358,557 tn yr ago 

--SEA: India Sept sunflower oil import 152,803 tn vs 300,732 tn yr ago 

--SEA: India Nov-Sept sunflower oil import 3.27 mln tn vs 2.85 mln tn 

--SEA: India Nov-Sept crude palm oil import 6.37 mln tn vs 6.95 mln tn 

--SEA: India Nov-Sept crude soyoil import 3.10 mln tn vs 3.54 mln yr ago 

--SEA: India Nov-Sept RBD palmolein import 1.70 mln tn vs 2.05 mln tn 

--SEA: India Nov-Sept edible oil import 14.54 mln tn vs 15.47 mln tn yr ago 

--SEA: India Nov-Sept veg oil import 14.78 mln tn vs 15.70 mln tn year ago 

--SEA: India Oct 1 edible oil stock in ports at 820,000 tn 

--SEA: India Oct 1 edible oil stock in pipeline at 1.63 mln tn 

MUMBAI – India's vegetable oil imports declined 30% on year to 1.09 million tonnes in September, the Solvent Extractors' Association of India said Friday. The vegetable oil imports in September consisted of 1.06 million tonnes of edible oils and 22,990 tonnes of non-edible oils, the association said. Edible oil imports in September fell 29% 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.-Sept., the first eleven months of the current oil year ending October, declined 6% to 14.78 million tonnes from 15.70 million tonnes during the same period of last year, the association said. 

The import of crude palm oil in September fell 39% on year to 432,510 tonnes, while refined, bleached and deodorised palmolein declined 35% to 84,279 tonnes. Crude sunflower oil imports in September declined 49% to 152,803 tonnes from 300,732 tonnes a year ago, the association said. However, imports of crude soyoil in September were up 7% on year at 384,382 tonnes.

India imported palm oil from Indonesia, Malaysia, and Thailand, soyoil from Thailand, Argentina, Ukraine, Romania, Russia, and Brazil, sunflower oil from Russia, Ukraine, Romania, Brazil, and Argentina and refined, bleached and deodorised palmolein from Indonesia, Thailand, and Malaysia, the association said. 

As of Oct. 1, the total stock of edible oil available was estimated at 2.45 million tonnes, against 3.63 million tonnes a year ago. Of the 2.45 million tonnes, about 820,000 tonnes of edible oil was at ports and 1.63 million tonnes in the pipeline, the association said. 

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

End

Reported by J. Navya Sruthi

Edited by Vidhi Verma

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