Edible oil imports rise 41%

Vegetable oil imports perked up by 41 per cent in June 2007 to settle at 5,47,361 tonnes compared with 3,88,278 tonnes in the corresponding month last year.

In the case of refined oil, RBD palmolein imports almost doubled to 15,137 tonnes from 8,249 tonnes. Imports of crude olein trebled in June to 10,040 tonnes in June this year from 3,399 tonnes in the same month last year, while sunflower oil imports jumped by more than seven times to 2,2621 tonnes from 3,000 tonnes.

Crude palm oil (CPO) recorded an increase of 49 per cent to 2,80,498 tonnes from 1,88,007 tonnes while soybean oil imports, in the month under consideration, recorded a sharp jump of 20 per cent to 2,19,065 tonnes from 1,82,614 tonnes.

During the first eight months of the oil year 2006-07 (November-October), the total import of edible oils stood at 2,748,861 tonnes compared with 2,588,870 tonnes for the same period last year, recording a marginal gain of 6 per cent. Similarly, non-edible oil imports also recorded a marginal gain of 6 per cent to settle at 4,50,185 tonnes compared with 4,24,338 tonnes in the same period last year. 
 

ON A HIGH
Month	Refined  Sunflower  oil	Refined Soyabean  oil	Crude  Palm Oil	Crude  Olein	Sunflower  Oil	Soybean Oil  (degummed)	Crude Palm  Kernal Oil	Total
Nov 06	5500	"�	180036	2956	9000	53250	1500	252242
	-11248	("�)	-196196	-1998	("�)	-108896	-8247	-327585
Dec 06	17489	"�	310755	2000	25695	7482	2968	367388
	-18339	-2197	-138683	-999	-12000	-47100	-750	-220068
Jan 07	500	"�	209474	3850	13500	84258	500	312584
	-16185	("�)	-59355	-3740	-38749	-111212	(--)	-229421
Feb 07	500	"�	107137	5491	18000	18000	1799	150927
	-12114	("�)	-133139	-7999	-21595	-92704	-500	-269050
Mar 07	3941	"�	211928	5238	41371	55452	"�	317930
	-9084	-9060	-202022	-5698	-3000	-169800	-1499	-401213
Apr 07	8000	4121	254369	4100	"�	35156	500	306245
	-6199	("�)	-175313	-12171	("�)	-159094	-1507	-354284
May 07	9621	3000	292269	"�	1200	176894	1200	494184
	-5300	("�)	-240112	-3299	-8500	-129500	-2600	-399151
Jun 07	15137	"�	280498	10040	22621	219065	"�	547361
	-8249	("�)	-188007	-3399	-3000	-182614	-2509	-388278
Total	60688	7120	1846466	33675	141387	649557	8467	2748861
	-86718	-11257	-1332827	-39303	-86844	-10,00,920	-17612	-2588870

The import share of palm oil products (CPO, RBD palmolein, crude palmolein and crude palm kernel oil) increased to 19,49,296 tonnes (71 per cent) from 1,476,460 tonnes (57 per cent), while soft oil imports reduced to 799,556 tonnes (29 per cent) from 1,112,410 tonnes (43 per cent) during the November-June period. Within soft oil, crude soybean oil imports reduced to just 649,557 tonnes from 1,000,920 tonnes, while sunflower oil imports increased to 1,41,387 tonnes from 86,844 tonnes, thanks to further reduction in import duty on sunflower oil from 65 per cent to 50 per cent effective April 13.