India's 2018-19 Vegetable Oil imports may climb 14% despite slow Q1: USDA
Commodity Online | March 21 2019
UPDATED 13:16:16 IST

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India's vegetable oil imports in 2018-19 marketing year is likely to rise by 14% year-on-year to 15.8 million tonnes and is expected to include 9.5 million tonnes of palm oil, 3.6 million tonnes of soybean oil, 2.4 million tonnes of sunflower oil, and 0.3 million tonnes of other imported oils, the United States Department of Agriculture (USDA) said in its latest report.

Vegetable (edible) oil imports in the first quarter (Oct-Dec) of MY 2018/19 were down 18 percent at 2.8 million tonnes.

The import duty difference between crude and refined palm oil halved to 5 percent for supplies from Malaysia after India changed the duty structure.

The narrow price difference between refined and crude palm will encourage slightly higher imports of RBD palm oils, USDA said.

Among soft oils, sunflower oil imports were revised slightly higher to indicate firm local demand and an improving supply situation in the world markets.