Agri Buzz: Vegetable Oil Imports Up 7% On Year In Last Four Months

14 Mar 2022 , 01:07 PM

The Solvent Extractors’ Association of India (SEA) has reported data of Vegetable Oils (edible & non-edible) for the month of February 2022. Import of vegetable oils during February 2022 is reported at 1,019,997 tons compared to 838,607 tons in February 2021, consisting 983,608 tons of edible oils and 36,389 tons of non-edible oils i.e. up by 22%. The overall import of vegetable oils during first four months of oil year 2021-22, Nov’21.-Feb.’22 reported at 4,691,158 tons compared to 4,394,760 tons during the same period of last year i.e. up by 7%. The import of RBD Palmolein jumped from 21,601 tons to 519,450 tons at the cost of reduction of import duty on CPO from 2,489,105 tons to 1,562,639 tons. The stock of edible oils as on 1st Mar., 2022 at various ports is estimated at 490,000 tons (CPO 120,000 tons, RBD Palmolein 180,000 tons, Degummed Soybean Oil 110,000 tons and Crude Sunflower Oil 80,000 tons and pipeline stock at 1,380,000 tons, total stock at 1,870,000 tons. The total stock has marginally increased by 8,000 tons to 18.70 lakh tons as on 1st Mar., 2022 from 18.62 lakh tons as on 1st Feb., 2022.

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