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India's edible oil imports to fall in coming crop year: analyst

Reuters  |  MUMBAI 

By Rajendra JadhavMUMBAI (Reuters) - India's edible oil imports are set to fall in 2017/18 as a bumper crop of oilseeds are carried forward and will boost domestic edible oil production in the year ahead, a leading industry analyst and trade expert said on Wednesday. A drop in imports next year would be the first in seven years, although in July the view was that India's higher oilseed output and crushing would lead to a fall in the current year. Instead, farmers were reluctant to sell this year's bumper oilseed output at low prices and stocks will be carried forward to be crushed next year, ...

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First Published: Wed, September 13 2017. 16:55 IST