Import of Vegetable Oils Up by 18% in November - December 2015

The Solvent Extractors' Association of India has compiled the Import data of Vegetable Oils (edible & non-edible) for the month of December, 2015. Import of vegetable oils during December 2015 is reported at 1,418,612 tons compared to 1,139,586 tons in December 2014, consisting of 1,407,145 tons of edible oils and 11,467 tons of non-edible oils i.e. up by 18%. The overall import of vegetable oils during first two months of current oil year 2015-16, November & December 2015 is reported at 2,756,047 tons compared to 2,329,520 tons i.e. up by 18%. It is a well known fact that globally the prices of edible oil are historically low since 2008, and has affected the domestic players.

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