You are here: Home » Economy & Policy » News
Business Standard

India imported over 500,000 tonnes of palm oil from Malaysia last month

Edible oil imports fell to 1.07 million tonnes last month from about 1.32 million tonnes in December, The Star reported

Topics
Palm oil imports | Palm Oil | Malaysia

ANI  |  Asia 

Palm oil, edible
The palm oil import was 58 per cent in December last year.

India has imported more than 500,000 tonnes of from last month out of its overall edible oil imports of about 1.07 million tonnes.

According to figures released by an industry group, the imports from comprised 497,337 tonnes of crude (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm oil, The Star reported.

India's CPO imports from last month were more than 23 per cent higher than the December purchase, the Solvent Extractors' Association said.

The import was 58 per cent in December last year. However, there was a sharp drop in the soybean import that resulted in the reduction of the share of soft oils versus palm oil in January.

Edible oil imports fell to 1.07 million tonnes last month from about 1.32 million tonnes in December, The Star reported.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 16 2021. 06:40 IST
RECOMMENDED FOR YOU