According to data compiled by the vegetable oil industry
body The Solvent Extractors' Association of India, India's total edible oil
imports from November to March were 5.64 million tonnes, an increase of about 8
percent over the same period of 2020-21.
Note that the marketing of edible oil starts in November of
the year.
In the month of March, the edible oil imports rose nearly 10
per cent year-on-year to 1.05 million tonnes, the SEA data showed. In March
2021, it was at 9,57,633 tonne.
In March, 212,000 tonnes of sunflower oil arrived in India
as those vessels had left before conflict between Russia and Ukraine started.
Ukraine and Russia are two major suppliers of sunflower oil to India.
Of the 212,000 tonnes sunflower imports, 11,900 tonnes were
sourced from another supplier Argentina.
However, in April, no shipments from Ukraine took place so far
and because of which sunflower oil import may fall to nearly 80,000 tons, SEA
said in a statement.
The statement further said that high prices and low
availability of sunflower oil in the international market have affected the
demand and consumption of sunflower oil.
"This deficit is being partially replaced by other
edible oils such as palmolein, soybean oil, peanut oil in southern India and
refined mustard oil and rice bran oil in northern India."
Also, the slight decline in prices of soybean oil, sunflower
oil, palm oil and other edible oils in the last one month has given some relief
to consumers, it said.
|Source: Online/KSU
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