Edible oil import bill rises 22%
Financial Express Ahmedabad
|November 14, 2025
HIGH GLOBAL COOKING oil prices have ensured that the value of India’s import of edible oils — palm, soybean and sunflower — in 2024-25 oil year (November-October) rose by 22% to a record ₹1.61 lakh crore on year, while volume of imports increased only marginally to 16.01 million tonne (MT), according to industry data released on Thursday.
“While volume of imports has largely remained at the same level in the last oil year compared to 2023-24 oil year, global prices have increased by over 20% during the same period,’ BV Mehta, executive director, solvent extractors association of India (SEA) told FE.
The country imported 15.96 MT of crude and refined oils — palm, soybean and sunflower — during 2023-24 oil year valued at $1.32 lakh crore.
According to SEA, soybean oil imports in the 2024-25 oil year rose to a record 5.47 MT, surpassing the previous high of 4.23 MT in 2015-16.
This story is from the November 14, 2025 edition of Financial Express Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Ahmedabad
Financial Express Ahmedabad
Coal India opens e-auction window to foreign buyers
RECENT REFORMS IN the coal sector - such as allowing commercial coal mining by the private sector and permitting free open market sales from captive mines - have created a surplus in the domestic market.
1 mins
January 03, 2026
Financial Express Ahmedabad
Gig workers earn ₹102 per hour: Eternal CEO Goyal
PARTNERS WORKING FULL-TIME WILL EARN ₹21,000 NET MONTHLY PAY
1 mins
January 03, 2026
Financial Express Ahmedabad
Adam Smith and American independence
The US’ independence and Adam Smith’s Wealth of Nations both complete 250 years in 2026, and hold fascinating insights on the progression of modern economy
3 mins
January 03, 2026
Financial Express Ahmedabad
Enterprise AI set to move from trials to execution
AS ENTERPRISES HEAD into the new year, artificial intelligence is expected to move out of its experimental phase into a more measured, executionheavy cycle.
2 mins
January 03, 2026
Financial Express Ahmedabad
MSMEs key gainers from two fresh credit schemes
Centre unveils ₹72,95-cr package
2 mins
January 03, 2026
Financial Express Ahmedabad
An ambassador who became a CEO
LEVERAGING HIS STATESMANSHIP SKILLS, PHAM SANH CHAU AIMS TO POSITION VIETNAM'S VINFAST AMONG INDIA'S TOP-3 CARMAKERS WITHIN A DECADE
3 mins
January 03, 2026
Financial Express Ahmedabad
Tax liability on capital gains as per ownership share in house
• I have a joint property with my mother.
2 mins
January 03, 2026
Financial Express Ahmedabad
Banks to see double-digit growth in Dec quarter
HEALTHY SHOW
1 min
January 03, 2026
Financial Express Ahmedabad
Era of polished posts over: Instagram chief
INSTAGRAM HEAD ADAM Mosseri has warned that artificial intelligence will upend how people create and interpret visual content online, predicting the end of the “polished” aesthetic and the rise of a more “raw” and imperfect social-media style.
2 mins
January 03, 2026
Financial Express Ahmedabad
Banks to see double-digit growth in December quarter
SOUTH INDIAN BANK is expected to see a loan growth of 11.3% as on December 31.
1 mins
January 03, 2026
Listen
Translate
Change font size