India imported 13.3 mln tonnes of edible oil in 2020-21
NEW DELHI: India imported 13.35 million tonnes of edible oil, a little more than half of its total consumption, in its fiscal year 2020-21, according to government data. Its domestic production of edible oils for the April-March fiscal year totalled 12.47 million tonnes and consumption was 25.82 million tonnes, the Ministry of Agriculture said on […]
India imports 275,915 tonnes of Malaysian palm oil in June
By Shakir Husain NEW DELHI: India imported 275,915 tonnes of palm oil from Malaysia in June, according to the latest data from an industry group. The country’s total edible oil imports last month were 969,431 tonnes, with palm oil’s share being 61 per cent, the Mumbai-based Solvent Extractors’ Association of India (SEA) said. Overall edible […]
India’s new agro tax to remove ‘palm oil advantage’
NEW DELHI: A new agriculture tax introduced by the Indian government will remove the “undue advantage” enjoyed by palm oil in the local market, according to an industry group. India had reduced the import duty on crude palm oil (CPO) from 27.5 per cent to 15 per cent, effective Feb 2, 2021 in its Budget […]
