Page 2 - Vegetable Oil Import
India's vegetable oil imports dip 13% on sluggish demand in 2019-20: Data
In 2019-20, India's palm oil imports fell 23.3% to 7.22 million tonnes
 "India's vegetable oil imports dip 13% on sluggish demand in 2019-20: Data")
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
 "Veg oil imports set to rise 3% in 2019-19 season after dropping last year")
Vegetable oil import up 26% in July, palm oil shipment highest in 6 yrs
During November 2018 to July 2019 period, the overall import of vegetable oils went up 5 per cent to 112.8 lakh tonne against 107.6 lakh tonne in the corresponding period of the previous year
 "Vegetable oil import up 26% in July, palm oil shipment highest in 6 yrs")
Oilseed processors complain of duty-free veg oil import from Safta nations
The rising share of vegetable oil import from neighbouring countries which are not known to produce any has irked edible oil producers.Over the past two months, soft oil (soybean, sunflower and rapeseed/mustard) is being imported in large quantity from Bangladesh, Sri Lanka, Nepal and Bhutan at zero duty under the South Asian Free Trade Area (Ssfta). This is in contrast to the traditional import of palm oil (crude palm oil or CPO and refined oil or RBD) directly from Indonesia and Malaysia.Domestic producers say this is a breach of the rules on origin which mandates 30 per cent of value addition under the Safta agreement. They have met officials in the Union finance ministry with a request to put edible oil and vanaspati in the negative or barred list of such import."Cheap import of refined oils and vanaspati from Ssfta member countries are resulting in distorted domestic refined oil prices, leading to pressure on crop prices and in turn hurting farmers' income. The government also ...
 "Oilseed processors complain of duty-free veg oil import from Safta nations")
