Huge import of 18.40 lakh tonnes of edible oils in July

16-Aug-2024 06:11 PM

Mumbai. According to data compiled by the Solvent Extractors Association of India (SIA), the import of edible oils jumped to a high of 18.40 lakh tonnes in July 2024, which is more than the import of 15.28 lakh tonnes in June and 17.56 lakh tonnes in July 2023.

According to the data of 'SIA', during the first nine months of the current marketing season i.e. from November 2023 to July 2024, the total import of edible oils in the country reached 119.35 lakh tonnes, which was slightly less than the import of 121. 23 lakh tonnes in the same period of 2022-23 season.

During the current season, 36.48 lakh tonnes of edible oil was imported in the first quarter of November 2023-January 2024, 34.22 lakh tonnes in the second quarter of February-April 2024 and 48.66 lakh tonnes in the third quarter of May-July 2024.

On August 1, 2024, the combined stock of edible oil available at ports and in pipelines was 29.02 lakh tonnes,

which was 3.29 lakh tonnes more than the stock available on July 1, 2024 of 25.73 lakh tonnes. This included 19.14 lakh tonnes in the pipeline and 9.88 lakh tonnes at the ports.

On August 1, 2023, a total stock of 32.85 lakh tonnes of edible oil was available with 9.49 lakh tonnes at ports and 23.36 lakh tonnes in the pipeline. India mainly imports crude palm oil, RBD palmolein, crude degummed soybean oil and crude sunflower oil.