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  • Due to a gap between demand and supply, around 60% of the edible oils consumed in the country are met through imports.
  • In this accord, palm oil constitutes around 54% of the total edible oil imported mainly from Indonesia and Malaysia, while Soyabean oil constitutes around 25% and is imported from Argentina and Brazil and Sunflower oil constitutes 19% and is imported mainly from Ukraine.
  • Taking year on year comparison for the month of August it can be seen that the total palm oil imports (crude and refined) for 2019, 2020 and 2021 was 8.81 LMT, 7.48 LMT and 7.43 LMT respectively which is still below the usual demand in the economy.
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§  Import of Palm Oil (LMT)

·        Oil

·        Aug-19

·        Aug-20

o    Aug-21

·        CrudePalmOil

·        5.78

·        7.48

o    5.27

·        RBDPalmolein

·        3.03

·        -*

o    2.16

·        TotalPalmOil Imports

·        8.81

·        7.48

o    7.43

 

 

https://pib.gov.in/PressReleasePage.aspx?PRID=1753462

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