Edible oil imports up 22pc to Rs 1.61 lakh cr in 2024-25 mkt yr; volume flat: SEA
India imported 16 million tonnes of edible oils worth Rs 1.61 lakh crore in the 2024–25 marketing year (Nov–Oct), according to SEA. This is slightly higher than the 15.96 million tonnes imported last year. However, the import bill rose 22 percent due to higher global prices, despite nearly unchanged volumes.
NEW DELHI: (Nov 14) India imported 16 million tonnes of edible oils for nearly Rs 1.61 lakh crore during the 2024-25 marketing year ended October to meet domestic demand, according to industry body SEA.
In the 2023-24 marketing year (November-October), India’s edible oil imports stood at 15.96 million tonnes worth Rs 1.32 lakh crore, as per the Solvent Extractors’ Association of India (SEA) data released on Thursday.
The increase in edible oil imports in value terms was 22 per cent because of higher global prices.
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Source : PTI News
