Veg oil imports set to rise 3% in 2019-19 season after dropping last year

Next year, domestic production is likely to increase on hope of good rabi oilseeds crop, limiting the need for imports

India’s edible oil imports are set to rise by three per cent in the 2018-19 season after dropping the previous year (November 2017 to October 2018), according to data compiled by the Solvent Extractors Association of India. In September 19, however, imports of both, edible and non-edible oils fell by as much as 13 per cent to 1.3 million tonnes.

During the past several years, there was a decline in imports only in the last year. In the first 11 months of the current oil year ending September, the inbound shipments rose three per cent to 14.17 million tonnes. The