Commodity News
HeadLine : Vegetable oil imports up 11% in December
Date : Jan 18 2019
Vegetable oil imports rose by 11 per cent last month to over 12 lakh tonne, edible oil industry body SEA said on Tuesday and predicted that a rise in inward shipments of refined palm oil on customs duty cut that could affect domestic farmers and refiners. Import of vegetable oils (comprising edible and non-edible oils) during December 2018 is reported at 12,11,164 tonnes compared to 10,88,783 tonnes in December 2017...The overall import of vegetable oils during November to December 2018 is reported at 23,45,057 tonnes compared to 23,37,593 tonnes. Edible oil imports fell to 22,19,147 tonne during November-December 2018 from 22,83,604 tonne in the corresponding period of the previous year, while import of non-edible oils rose to 1,25,910 tonne from 53,989 tonne. The edible oil marketing year runs from November to October.
 
Source: Business Line
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