Refined edible oil import surges in May

Domestic processing industry urges increase in tariff

Monthly import of refined edible oil surged last month, to 2,94,409 tonnes, about 22 per cent of the overall import of 1.03 million tonnes.

After a high of 245,554 tonnes in December 2016, refined oil import fell to 196,623 tonnes in January, 20-21 per cent of the entire import of edible oil.

“Refined edible oil (refined, bleached and diodised or RBD) import into India started increasing thereafter, following export duty levy by the governments of Indonesia and Malaysia, which made import of crude palm oil (CPO) costlier than refined oil,” said B V Mehta, executive director of the Solvent Extractors' Association of