Edible oil import in June touches 8-month high of 1.16 million tonne

In November-June period, import declined 15 per cent year-on-year

The country’s edible oil import rose 8 per cent to an eight-month high of 1.16 million tonne (mt) in June, even as palm oil shipments declined sharply, said Solvent Extractors’ Association (SEA), a Mumbai-based trade body, on Tuesday.

India, the world’s leading vegetable oil buyer, had imported 1.07 mt edible oil during the same month last year. In the November-June period of the 2019-20 oil year, however, edible oil import had declined 15 per cent year-on-year (YoY) to 8.05 mt, from 9.4 mt, mainly because of a fall in shipments of RBD (refined, bleached and deodorised) palmolein, SEA said. An