Edible oil imports up in 11 mths

Written by Commodities Bureau | Mumbai, Oct 15 | Updated: Oct 16 2008, 06:37am hrs
The overall import of vegetable oil, including edible and non-edible oil, during the first eleven months of the oil year 2007-08 (November-September) has shown a rise of 13% over the previous year and registered at 54.29 lakh tonne (48.02 lakh tonne).

The import of edible oils in September 2008 was reported at 6.23 lakh tonne as compared to 5.70 lakh tonne in August 2008 and 4.47 lakh tonne for the same period last year, while non-edible oil import was reported at 44,708 tonne compared with 58,818 tonne for the same period of last year, according to the data released by Solvent Extractors' Association of India (SEAI). During the review period, the total import of edible oil was 48.21 lakh tonne as compared to 42.13 lakh tonne, up by 14%. Import of non-edible oil was reported at 6.07 lakh tonne compared to 5.88 lakh tonne, up by 3%.

"In view of the lean crushing season, import of vegetable oils is likely to maintain at around 6 to 6.50 lakh tonne in October 2008, till kharif oilseeds crop is available for crushing in November 2008," B V Mehta, executive director, SEA, said.

The total import of edible oils is likely to be in range of 53 to 53.5 lakh tonne and non-edible oils will be around 6.5 lakh tonne in the current season. The overall import of vegetable oils may touch 60 lakh tonne (including import of vanaspati of 50,000 tonne) for the oil year 2007-08 as compared to 55.9 lakh tonne in 2006-07.