Dependence on import of edible oil to continue: Ind-Ra

INDIA'S DEPENDENCE ON imported cooking oils is expected to remain elevated in the near to medium term, with edible oil imports likely to decline only marginally in the 2024-25 oil year (November-October), according to consulting firm India Ratings and Research (Ind-Ra).

- SANDIP DAS

“Lower kharif acreage may also impact the country’s oilseed production in the 2025-26 oil year, keeping the import dependency high,” the agency stated in its latest report.