India imported 1,146,051 tonnes of vegetable oil, consisting 1,122,685 tonnes of edible oils and 23,366 tonnes of non-edible oils, during March 2018, rose 3% as compared to 1,114,325 tonnes in March 2017, the Solvent Extractors’ Association (SEA) of India said in its latest report.
The overall import of vegetable oils during November 2017 to March 2018 is reported at 5,931,829 tonnes compared to 5,798,776 tonnes i.e. Up by 2%.
Import of Vegetable Oils during Financial Year 2017-18 (April – March) reported at 15,573,295 tonnes consisting 15,181,180 tonnes of edible oils and 392,115 tonnes of non-edible oils compared to 14,217,756 tonnes in 2016-17 i.e. up by 10%.
The stock of edible oils as on 1st April, 2018 at various ports is estimated at 770,000 tonnes (CPO 350,000 tonnes, RBD Palmolein 160,000 tonnes, Degummed Soybean Oil 80,000 tonnes, Crude Sunflower Oil 160,000 tonnes and 20,000 tonnes of Rapeseed (Canola) Oil) and about 1,342,000 tonnes in pipelines.
Total stock at ports and in pipelines is reported at 2,112,000 tonnes, decreased by 85,000 tonnes from 2,197,000 tonnes in March 2018.
India’s total demand for edible oils during 2017-18 is estimated at 23.00 lakh tonnes. Monthly requirement is about 19.00 lakh tonnes and operate at 30 days stock against which currently holding stock over 21.12 lakh tonnes equal to 33 days requirements.