COMMODITY
India's vegetable oil imports decline 16% in March: SEA
Apr-12-2025

Solvent Extractors' Association of India (SEA) in its latest report said that India's vegetable oil (edible & non-edible) imports fell 16 per cent to 9,98,344 tonne in March 2025 as compared to 11,82,152 tonne in the same month last year mainly due to sharp decline in shipments of crude sunflower oil. This includes 970,602 tonne of edible oils and 27,742 tonne of non- edible oils. Crude sunflower oil imports plunged to 1,90,645 tonne last month from 4,45,723 tonne in March 2024.

During the first five months of 2024-25 oil marketing year starting November, total vegetable oil imports fell marginally to 58,06,142 tonne from 58,30,115 tonne in the corresponding period of the preceding year. Oil year runs from November to October. Out of total edible oil imports during November 2024-March 2025, SEA said that 6,62,890 tonne refined oil (RBD Palmolein) were imported as against 886,607 tonne in the year-ago period. Crude oils import rose to 49,76,787 tonne from 48,78,625 tonne during the period under review.

During November 2024-March 2025, palm oil import sharply decreased to 24,15,556 tonne from 35,29,839 tonne in November 2023- March 2024, while soft oil import jumped to 32,24,121 tonne from 22,35,394 tonne for the same period of last year. Indonesia and Malaysia are the major suppliers of RBD Palmolein and crude palm oil to India.

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