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Informist, Wednesday, Feb. 12, 2025

 

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--SEA: India Jan vegetable oil import 1.05 mln tn vs 1.20 mln tn yr ago 
--SEA: India Jan crude palm oil import 240,276 tn vs 532,877 tn yr ago 
--SEA: India Jan edible oil import 1.0 mln tn vs 1.2 mln tn yr ago 
--SEA: India Jan RBD palmolein import 30,465 tn vs 244,676 tn yr ago 
--SEA: India Nov-Jan sunflower oil import 893,780 tn vs 609,636 tn 
--SEA: India Jan sunflower oil import 288,284 tn vs 220,079 tn yr ago 
--SEA: India Jan crude soyoil import 444,026 tn vs 188,859 tn yr ago 
--SEA: India Nov-Jan crude palm oil import 1.1 mln tn vs 1.8 mln tn 
--SEA: India Nov-Jan RBD palmolein import 480,292 tn vs 667,412 tn 
--SEA: India Nov-Jan crude soyoil import 1.3 mln tn vs 491,403 tn yr ago 
--SEA: India Nov-Jan veg oil import 3.9 mln tn vs 3.7 mln tn year ago 
--SEA: India Nov-Jan edible oil import 3.8 mln tn vs 3.6 mln tn yr ago 
--SEA: India Feb 1 edible oil stock in pipeline at 1.12 mln tn 
--SEA: India Feb 1 edible oil stock in ports at 1.06 mln tn

 

MUMBAI – India's vegetable oil imports in January were 1.05 million tonnes, down 13% from the corresponding period last year, the Solvent Extractors' Association of India said Wednesday. The vegetable oil imports consisted of 1.0 million tonnes of edible oils and 41,614 tonnes of non-edible oils, the association said. Edible oil imports in January fell 15% on year.

 

The total import of vegetable oils during the first three months of the edible oil year 2024-25 (Nov-Oct) was reported at 3.9 million tonnes, compared with 3.7 million tonnes during the same period last year, up 6%, the association said in a release. India is the world's largest importer of edible oils. The edible oil basket comprises crude and refined palm oils, crude soyoil, and sunflower oil.

Crude palm oil imports fell nearly 55% on year to 240,276 tonnes in January, marking the lowest import in 13 years. "Palm oil is losing market share in India and slowing down and share is taken by soya oil," the association said. "Malaysian palm oil exports declined as tightening export supplies prompted consumers to switch to lower-priced South American soya oil."

 

Imports of refined, bleached, and deodorised palmolein fell 88% to 30,465 tonnes in January. Crude palm oil imports during Nov-Dec were down 40% at 1.1 million tonnes, while refined, bleached, and deodorised palmolein imports in the same period were down nearly 28% at 480,292 tonnes.

 

Meanwhile, crude soyoil imports during January increased to 444,026 tonnes from 188,859 tonnes a year ago. Crude soyoil imports during Nov-Jan rose to 1.3 million tonnes from 491,403 tonnes. 

 

Crude sunflower oil imports rose to 288,284 tonnes in January from 220,079 tonnes a year ago, the association said. Soft oil imports consisting of soyoil, sunflower, mustard, and others rose to 2.17 million tonnes during Nov-Jan from 1.1 million tonnes in the same period a year ago.

 

During Nov-Jan, India imported palm oil and refined, bleached, and deodorised palmolein from Indonesia and Malaysia, and soyoil from Argentina, Brazil, Iraq, Turkey, Ukraine, and Russia. Sunflower oil was imported from Russia, Ukraine, and Argentina. Indonesia was the major supplier of palm oil to India during November and January.

 

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

 

Edible oil	January 2025	January 2024	Change (in %)
Crude palm oil	240,276	532,877	(-)55
RBD palmolein	30,465	244,676	(-)88
Crude soyoil	444,026	188,859	135
Crude sunflower oil	288,284	220,079	31
Total (vegetable oils)	1,049,165	1,200,835	(-)13

 

End

 

Reported by J. Navya Sruthi and Shreya Shetty

Edited by Rajeev Pai

 

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