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Edible oil import bill rises 22%
Financial Express Mumbai
|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.
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