Krishi VaartaOutlook Agriculture
Imports of edible and non-edible oils decreased by 6% in January
Imports of edible and non-edible oils declined by 6.2% to 11,95,812 tonnes in January, after the central government included refined oil imports in the restricted category.
According to the Solvent Extractors’ Association of India (SEA), the Central Government had on January 8 included import of refined oils in the restricted category. Since then, the Directorate General of Foreign Trade (DGFT) has issued licenses to import 88,000 tonnes of RBD palmolein.
According to the SEA, imports of edible and non-edible oils have come down to 11, 95,812 tonnes in January, compared to 12, 75,259 tonnes in January last year. Edible oils accounted for 11, 57,123 tonnes of the total imports in January 2020. Imports of edible and non-edible oils decreased by 4.7% to 34,51,313 tonnes during the first quarter November to January of the current oil year November-19 to October-20 as compared to 36,20,316 tonnes in the first quarter of the previous oil year.
Source: Outlook Agriculture, 13 February 2020
If you find this information useful, like and share it with all your farmer friends.