India's vegetable oil imports drop by 2%
image for illustrative purpose
New Delhi: India's vegetable oil imports fell 2 per cent to 3.96 million tonnes in the first quarter of the 2025-26 oil year (November-October) from a year earlier, as lower soybean and sunflower oil purchases offset a rise in palm oil imports, industry data showed on Friday.
The world's biggest vegetable oil importer bought 4.05 million tonnes, including edible and non-edible oils, in the same period a year ago, according to the Solvent Extractors Association of India (SEA).
Palm oil imports rose 18 per cent to 1.91 million tonnes in the November 2025-January 2026 quarter from 1.62 million tonnes a year earlier, the industry body said in a statement. Port stocks of palm oil stood at 4,86,000 tonnes on February 1, up 33,000 tonnes from the previous month.
Crude soybean oil imports fell 9 per cent to 1.20 million tonnes from 1.27 million tonnes, while port stocks declined to 1,90,000 tonnes from 3,00,000 tonnes a month earlier.
