India’s December edible oil imports jumps 27.85 percent YoY: SEA
According to Solvent Extractors Association (SEA), India’s December edible oil imports jumped 27.85 percent y-o-y to 15.56 lakh tons from 12.17 lakh tons in December 2021. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of edible oil stood at 30.85 lakh tons compared to 23.55 lakh tons in corresponding period last oil year, up by 31 percent compared to corresponding period last oil year.
Soy oil import scenario– According to SEA, soy oil imports fell by 36 percent y-o-y in December to 2.52 lakh tons from 3.92 lakh tons in previous year. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of soy oil stood at 4.82 lakh tons compared to 8.67 lakh tons in corresponding period last oil year, lower by 44 percent compared to corresponding period last oil year.
Total Palm oil import scenario– According to Solvent Extractors Association (SEA), palm oil imports in December fell 45.60 percent y-o-y to 3.85 lakh tons from 7.08 lakh tons last year. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of total Palm oil stood at 4.82 lakh tons compared to 8.67 lakh tons in corresponding period last oil year, lower by 44 percent compared to corresponding period last oil year.
Crude Palm oil import scenario- According to Solvent Extractors Association (SEA), CPO Imports in rose by 60 percent y-o-y in December to 8.43 lakh tons from 5.28 lakh tons last year. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of crude Palm oil stood at 17.75 lakh tons compared to 10.05 lakh tons in corresponding period last oil year, up by 76.57 percent compared to corresponding period last oil year.
RBD Palm olein import scenario- RBD Palm olein imports rose sharply by 968 percent y-o-y in December to 2.56 lakh tons from 0.24 lakh tons last year. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of RBD Palm oleinstood at 4.58 lakh tons compared to 0.82 lakh tons in corresponding period last oil year, higher by 458 percent compared to corresponding period last oil year.
Sunflower oil imports scenario-According to Solvent Extractors Association (SEA), Sunflower oil imports fell by 25 percent y-o-y in December to 2.58 lakh tons from 1.94 lakh tons last year. For the oil year 2022-23 (Nov 2022 -Dec 2022), imports of Sunflower oil stood at 3.52 lakh tons compared to 3.83 lakh tons in corresponding period last oil year, lower by 8 percent compared to corresponding period last oil year.
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