"In last one year, global prices of various edible oils have gone down in the range of 11 to 20 per cent due to excess supply in the world market, but rupee has depreciated by nearly 6 per cent in last one year," the SEA said.
Among palm oil products, import of crude palm oil declined to 4,49,762 tonnes during April this year from 5,56,822 tonnes in the same period last year, as per SEA data.
However, shipments of RBD palmolein rose marginally to 2,38,479 tonnes from 2,09,772 tonnes, while that of crude palm kernel oil (CPKO) increased to 19,209 tonnes from 12,290 tonnes.
India, the world's leading vegetable oil buyer, imports palm oil mainly from Indonesia and Malaysia, and a small quantity of crude soft oil, including soyabean oil, from Latin America. Sunflower oil is imported from Ukraine and Russia.
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