India’s April-Sept edible oil imports drop 19%

by Theleaders-Online | December 5, 2019 2:41 am

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

Source URL: https://theleaders-online.com/indias-april-sept-edible-oil-imports-drop-19/

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