Agri Buzz: Vegetable Oil Imports Spikes 16% On Year In January 2022

14 Feb 2022 , 12:17 PM

The Solvent Extractors Association of India has released data for Import data of Vegetable Oils (edible & non-edible) for the month of January 2022. Import of vegetable oils during January 2022 is reported at 1,270,728 tons compared to 1,096,669 tons in January 2021, consisting 1,251,926 tons of edible oils and 18,802 tons of non-edible oils i.e. up by 16%. The overall import of vegetable oils during first quarter of oil year 2021-22, Nov21.-Jan 22 is reported at 3,671,161 tons compared to 3,556,153 tons during the same period of last year i.e. up by 3.2%. The import of soybean oil is up by 90% due to declining of domestic crushing, while crude palm oil import down by 24% in first three months of the oil year 2021-22.

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