SEA of India Estimates 0.50 percent Decline In Edible Oil Imports

SEA of India Estimates 0.50 percent Decline In Edible Oil Imports

Dec 13, 2019 12:12 IST capital market

As per the latest update from Solvent Extractors Association of India, the import of vegetable oils during November 2019 is reported at 1,127,220 tons compared to 1,133,893 tons in November, 2018, i.e. down by 0.50%.

Import of RBD Palmolein drastically reduced following the imposition of 5% Safeguard duty on Refined Palm Oil from Malaysia with effect from 4th Sept.,2019. In August19 the import of RBD Palmolein was 257,000 tons and 264,000 tons in Sept.19 which reduced to 118,000 tons in Oct.19 and 123,000 tons in Nov.19.

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