{"id":83098,"date":"2023-01-12T17:35:00","date_gmt":"2023-01-12T12:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=83098"},"modified":"2023-01-12T17:31:23","modified_gmt":"2023-01-12T12:01:23","slug":"biz-veg-oils-import","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-veg-oils-import\/","title":{"rendered":"Vegetable oils import rises 28% in Dec to 15.66 lakh tonnes; shipments of palm oil surge"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4195142901\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s imports of vegetable oils, comprising edible and non-edible oils, rose 28 per cent to 15.66 lakh tonnes in December, driven by higher shipments of refined palmolein and crude palm oil.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2105817964\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In a statement, the Solvent Extractors&#8217; Association of India (SEA) said the import of vegetable oils during December 2022 stood at 15,66,129 tonnes compared to 12,26,686 tonnes a year ago.<\/p><p>As per the data, the import of edible or cooking oils increased to 15,55,780 tonnes from 12,16,863 tonnes, while the shipments of non-edible oils rose to 10,349 tonnes from 9,832 tonnes.<\/p><p>In the edible oil category, the import of refined (RBD) palmolein surged to 2,56,398 tonnes in December 2022 from only 24,000 tonnes in the year-ago period. The imports of crude palm oil (CPO) rose to 8,43,849 tonnes against 5,28,143 tonnes.<\/p><div class=\"trade-content_5\" id=\"trade-2696492201\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The vegetable oil year runs from November to October.<\/p><p>During November-December 2022, the import of vegetable oils increased by 30 per cent to 31,11,669 tonnes compared to 24,00,433 tonnes in the corresponding period of the previous year.<\/p><p>The imports of refined palmolein and CPO (crude palm oil) increased sharply during November-December 2022.<\/p><p>The data showed that 4,58,646 tonnes of refined oils (all of its RBD palmolein) were imported during November-December 2022 compared to 82,267 tonnes in the year-ago period.<\/p><p>Similarly, SEA said that 26,25,894 tonnes of crude oil were imported in the last two months compared to 22,73,419 tonnes in November-December 2021.<\/p><p>As a result, the share of refined oils jumped to 15 per cent from 3 per cent while crude oils share declined to 85 per cent from 97 per cent compared to the previous year.<\/p><div class=\"trade-content-10\" id=\"trade-4139288246\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Indonesia and Malaysia are the major suppliers of RBD Palmolein and Crude Palm Oil to India. The country imports soyabean oil from Argentina and Brazil.<\/p><p>India imports around 60 per cent of its total domestic demand for cooking oils.<\/p><p>&#8220;During November-December 2022, Palm Oil import sharply increased to 22,50,924 tonnes from 1,105,582 tonnes, while Soft Oil import has decreased to 8,33,616 tonnes from 12,50,104 tonnes in November-December 2021,&#8221; SEA said.<\/p><p>Share of palm oil increased to 73 per cent from 47 per cent while soft oils decreased to 27 per cent from 53 per cent. PTI MJH BAL BAL<\/p><div class=\"trade-after-content\" id=\"trade-200745199\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s imports of vegetable oils, comprising edible and non-edible oils, rose 28 per cent to 15.66 lakh tonnes in December, driven by higher shipments of refined palmolein and crude palm oil. In a statement, the Solvent Extractors&#8217; Association of India (SEA) said the import of vegetable oils during December 2022 stood at 15,66,129 tonnes compared [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-83098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vegetable oils import rises 28% in Dec to 15.66 lakh tonnes; shipments of palm oil surge - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"India&#039;s imports of vegetable oils, comprising edible and non-edible oils, rose 28 per cent to 15.66 lakh tonnes in December, driven by higher shipments of refined palmolein and crude palm oil.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-veg-oils-import\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vegetable oils import rises 28% in Dec to 15.66 lakh tonnes; 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