New Delhi, Feb. 13 -- According to the Solvent Extractors Association of India (SEA), the country's vegetable oil imports saw a significant decrease of 28 per cent in January, totalling 12 lakh tonnes compared to the same period last year.
This drop, reported on Monday, contrasts with the 16.61 lakh tonnes imported in January 2023.
As a major global buyer of vegetable oil, India experienced a notable downturn in total imports during the first quarter (November-January) of the current oil year.
Import figures fell by 23 per cent, reaching 36.73 lakh tonnes compared to the previous year's 47.73 lakh tonnes for the same quarter.
SEA's analysis revealed that out of the total vegetable oils imported in January, approximately 7,82,983 ton...