Import of cooking oil increases in value in the period of 2020-21
Imports of cooking oil to the country remained sluggish at 131.3 lakh tonnes in the 2020-21 market year ending in October. However, in value terms, imports increased 63% to Rs 1.17 lakh, according to the report. Data published by Solvent Extractors Association of India (SEA).
The term of the marketing year extends from November to October for vegetable oils, including both edible and non-edible oils.
“Vegetable oil imports in the 2020-21 oil year were reported to be 135.31 million tons (13.53 million tons) compared with 135.25 million tons (13.53 million tons) in the period 2019-20,” SEA said in a statement.
Imports of vegetable oils were the second lowest in the past six years, it added.
According to the data, edible oil imports fell to 131.31 lakh tonnes in 2020-21 from 133.75 lakh tonnes in the previous year, while non-edible oil imports rose to 399,822 tonnes from 3,49,172 tonnes.
Refined oil imports increased slightly to 6.86 thousand tons in the period of 2020-21 from 4.21 thousand tons in the period of 2019-20, while imports of crude oil decreased slightly to 124.45 thousand tons compared to the period of 2019-20. 127.54 thousand tons.
