Veg oils import up 21% in August

Agencies
Posted: 2008-09-15 15:35:28+05:30 IST
Updated: Sep 15, 2008 at 1535 hrs IST

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'FDI inflows to feel pinch of financial turmoil'Arab states-Russia trade to top $7 bn India, Pak agree to Kashmir trade route Veg oils import up 21% in August

Vegetable oils import has jumped by 21 per cent at 6.22 lakh tons in August against 5.15 lakh tonnes in the year-ago period, according to latest trade data.

In August, edible oil imports stood at 5.69 lakh tonnes, while that of non-edible oil at 53,275 tonnes, Mumbai-based Solvent Extractors' Association (SEA) said in a statement.

The industry body also said that import of vegetable oils comprising mainly crude palm oil and refined soya oil in the 2007-08 season till August stood at 47.61 lakh tonnes, against 42.96 lakh tonnes in the year-ago period.

SEA said the total vegetable oil imported during the ongoing season (November to October) may touch 60 lakh tonnes, of which 51-52 lakh tonnes will be edible oil, 6.5 lakh tones non-edible oil and 50,000 tonnes vanaspati. In 2006-07 oil year, India imported 55.9 lakh tonnes of vegetable oil.

"In view of the lean crushing season, import is likely to maintain at around 5.5 lakh to 6 lakh tonnes per month in the next two months till Kharif oilseeds crop is available for crushing in November 2008," the release said.

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» I fear for our Agri Industry!

Posted by mayur on 2008-09-16 07:39:57.627661+05:30
This may be due to problem in indigenous production.Why can't seeds be stocked,to overcome the problem mentioned?

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» I fear for our Agri Industry!

Posted by mayur on 2008-09-16 07:39:53.033339+05:30
This may be due to problem in indigenous production.Why can't seeds be stocked,to overcome the problem mentioned?

Reply Forward

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Veg oils import up 21% in August

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