Edible Oils & Solvent Extraction
Edible oil imports dip marginally by 1.6% in first 9 months of FY24: SEA
India's edible oil imports declined marginally by 1.6 per cent to 119.35 lakh tonnes in the first nine months of 2023-24 marketing year ending October, according to industry body SEA.
Imports of cooking oils stood at 1,19,35,227 tonnes during November 2023-July 2024 period as against 1,21,22,711 tonnes in the corresponding period of 2022-23 marketing year.
Oil marketing year runs from November to October. More than 50 per cent of India's cooking oils demand is met through imports.
Solvent Extractors' Association of India (SEA) data showed that imports of non-edible oils, however, increased to 1,88,955 tonnes from 1,32,242 tonnes.
The total import of vegetable oils (edible and non-edible oils) during the first nine months of the current oil year stood at 121.24 lakh tonnes, down 1 per cent compared to 122.55 lakh tonnes in the year-ago period.
In the first nine months of the 2023-24 oil year (November 2023-July 2024), India imported 15,18,671 tonnes of refined edible oil, a 7 per c
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