Edible oils import falls 29% in September to 10.64 lakh tonnes on lower palm oil shipments: Trade data

India's import of edible oils fell 29 per cent annually successful September to 10,64,499 tonnes owed to little inward shipments of crude and refined thenar oils, according to manufacture data.

Import of edible oils stood astatine 14,94,086 tonnes successful the aforesaid period past year.

Solvent Extractors' Association of India (SEA) connected Friday released the import information for rootlike oils (both edible and non-edible) for September.

Imports of non-edible oils fell to 22,990 tonnes successful September from 57,940 tonnes successful the year-ago period.

According to the data, import of rootlike oils successful September declined 30 per cent to 10,87,489 tonnes compared to 15,52,026 tonnes a twelvemonth earlier.

In the edible lipid category, the SEA information showed that import of crude pall lipid declined to 4,32,510 tonnes past period from 7,05,643 tonnes successful September past year, portion refined thenar lipid shipments were down to 84,279 tonnes from 1,28,954 tonnes.

Imports of crude sunflower lipid besides declined to 1,52,803 tonnes from 3,00,732 tonnes.

SEA attributed the autumn successful import to higher inward shipments during July-August, and subdued demand, resulting successful banal gathering astatine port.

Moreover, the relation said importers person go cautious due to the fact that of volatility and firmness successful prices.

Reduction successful import was led by thenar oil, which is trading supra soyabean lipid and sunflower lipid prices, SEA said, adding that home players person reduced their buying.

According to SEA data, the wide import of rootlike oils during the archetypal 11 months of the existent 2023-24 selling twelvemonth ending October declined 6 per cent to 1,47,75,000 tonnes arsenic compared to 1,56,73,102 tonnes successful the corresponding play of the erstwhile year.

Of the full rootlike lipid imports truthful acold successful 2023-24 selling year, the imports of edible lipid fell to 1,45,35,955 tonnes from 1,54,68,912 tonnes. Imports of non-edible oils roseate to 2,39,045 tonnes from 2,04,190 tonnes.

India imports thenar oils from Indonesia and Malaysia, and soyabean oils from Brazil and Argentina.

More than 50 per cent of India's edible oils request is met done imports. Recently, the authorities accrued import duties connected edible oils to support farmers involvement amid harvest of kharif (summer-sown) crops.