India’s palm oil imports rise 5% in November, says SEA
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India’s November palm oil imports rose 5% to 632,341 tonnes, while soyoil and sunflower oil imports fell sharply, dropping 18% and 45% respectively. The decline reflects changing domestic demand and supply dynamics, according to the Solvent Extractors’ Association of India, highlighting shifts in the edible oils market amid price and availability factors.
India’s palm oil imports in November rose about 5% from October to 632,341 metric tons, the Solvent Extractors’ Association of India (SEA) said on Monday.
Imports of soyoil decreased over 18% to 370,661 tons and sunflower oil imports fell 45% to 142,953 tons, the industry trade body said.
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Source : The Hindu Business line
