The stock of imported edible oils in pipelines as well as on ports fell to the lowest level in the past several years. As against the average stock in pipeline for 30 day consumption, the beginning of this month saw the stock fall to a level sufficient only for 22 days.
According to data from the Solvent Extractors’ Association of India (SEA), the stock of edible oils as on January 1, 2020, at various ports fell to an estimated 860,000 tonnes (a fifth of this is refined palm oil). In the last four months, the stock in pipelines is drying