India’s April-Sept edible oil imports drop 19%
NEW DELHI: India Commerce and Industry Ministry said the value of the country’s edible oil imports in the first six months of the current financial year dropped almost 19%.
India imported 5.87 million tonnes of edible oil valued at US$3.59 billion (US$1=RM4.17) between April and September, representing a decline of 18.8% over the corresponding period last year.
Minister Piyush Goyal told Parliament in a written reply yesterday that India, the world’s biggest importer of vegetable oils, imported about 12.5 million tonnes of crude edible oil worth US$8.22 billion in the 2018-19 financial year (April-March).
This was 14.17% less in value than what India imported in 2017-18.
Palm oil from Indonesia and Malaysia command the largest share in India’s overall vegetable oil imports.
Bernama
