Edible Oil Imports Rose 63% In 2020-21

Edible oil imports to the nation remained sluggish at 131.3 lakh tonnes throughout 2020-21 advertising yr which led to October. Nevertheless when it comes to worth, imports rose 63 per cent to Rs 1.17 lakh crore, in line with knowledge launched by Solvent Extractors’ Affiliation of India (SEA).

The length of the advertising yr runs from November to October for vegetable oils, which encompass edible in addition to non-edible oils.

“Import of vegetable oils throughout oil yr 2020-21 is reported at 135.31 lakh tonnes (13.53 million tonnes) in comparison with 135.25 lakh tonnes (13.53 million tonnes) throughout 2019-20,” SEA stated in an announcement.

The import of vegetable oils has been the bottom for the second time in final six years, it added.

As per the information, edible oil import fell to 131.31 lakh tonnes in 2020-21 from 131.75 lakh tonnes within the earlier yr, whereas imports of non-edible oil rose to 399,822 tonnes from 3,49,172 tonnes.

Import of refined oil has marginally elevated to six.86 lakh tonnes in 2020-21 as in comparison with 4.21 lakh tonnes throughout 2019-20, whereas crude oil import marginally decreased to 124.45 lakh tonnes in comparison with 127.54 lakh tonnes.