Live Spot Prices
Cardamom ( MCX ) 1150 | Aluminium ( MCX ) 140.4 | Pepper ( MCX ) 43210 | Nickel ( MCX ) 802.7 | Chana ( NCDEX ) 4150 | Jeera ( NCDEX ) 21130 | Castor Seed ( NCDEX ) 3951
 
India's Vegetable Oil imports down 10% in December
Commodity Online | January 12 2018
UPDATED 13:24:29 IST

Food subsidy bill may rise by 10% in 2018-19 budget

SLCM organizes Mentha Oil awareness programme in UP

Onion price likely to fall on arrival of new crop

India’s Crude Oil import bill rise 35% to $10.34 bn in Dec

India's trade deficit widens to 3-year high in December

India’s vegetable oil imports in December fell 10% from a year ago to 1.1 million tonnes as refiners slashed overseas Soyoil purchases after supplies rose from the local crop, trade body Solvent Extractors’ Association of India (SEA) said.

The country’s imports of Soyoil stood at 79,250 tonnes for the month, well down on the 232,132 tonnes bought last year, SEA said in a statement.

Soybean crushing has picked up after the duty hike, the association said.

India, the world’s biggest edible oil buyer, in November doubled the import tax on Crude Palm Oil to 30 percent, while the duty on refined Palm Oil was raised to 40 percent from 25 percent.

The country’s Palm Oil imports in December were 722,857 tonnes, slightly down from 723,158 tonnes a year ago, the SEA data showed.

India primarily imports Palm Oil from Indonesia and Malaysia and Soyoil from Argentina and Brazil. It also buys small volumes of Sunflower oil from Ukraine and Canola oil from Canada.

 

Commodity Arrivals Rate
Mustard Oil 220 9500.00
Coconut Oil 1 22700.00
Arecanut 85 2400.00
Sugar NR 4425.00

More

×