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Veg oil imports up 21 pc in Aug

Press Trust of India  |  New Delhi 

India, the world's leading vegetable buyer, imported 13.61 lakh tonnes of the commodity in August, up about 21 per cent from the year-ago period, industry body SEA said today.

In August 2016, vegetable stood at 11.26 lakh tonnes. The country largely palm oil, which constitutes over 60 per cent of the total shipments.

Out of the total undertaken in August this year, edible shipments stood at 13.36 lakh tonnes while non- edible oil's share was 24,347 tonnes, Mumbai-based Solvent Extractors' Association (SEA) said in a statement.

The industry body said another 23 lakh tonnes of vegetable is expected to be imported in the next two months, taking total shipments to 150 lakh tonnes this year.

During November-August period of the year 2016-17, the country imported 127.49 lakh tonnes, which is slightly higher than 121.65 lakh tonnes in the year-ago.

palm oil, mainly from Indonesia and Malaysia, and a small quantity of crude soft oil, including soyabean from Latin America. Sunflower is imported from Ukraine and Russia.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 19:02 IST