Imports of edible oil decline 8% in Feb

INDIA'S EDIBLE OIL imports in February declined to lowest level since May, 2020, to 0.89 million tonne (MT), a fall of 8% compared to February, 2024, due to sharp fall in palm oil imports.

- SANDIP DAS

However, in the first four months of oil years 2024-25 (November - February), cooking oil import rose to 4.8 MT, up by 4% compared to the same period of previous oil year — 2023-24, the Solvent Extractors' Association of India (SEA) stated on Tuesday.

The decline in imports has been cushioned by high stock levels accumulated in the country at the start of the current oil year on November 1, 2024.