India's import of vegetable oils, both edible and non-edible, jumped 27 per cent to 832,760 tonnes in April compared with 654,827 tonnes imported in April last year.
Of the total, 819,435 tonnes were edible oils and 13,325 tonnes non-edible oils, The Solvent Extractors' Association of India announced in a statement.
The overall import of vegetable oils during November 2013 to April 2014 fell two per cent to 5,164,991 tonnes compared with 5,279,505 tonnes imported during the same corresponding period.
During the five-months period, the import of refined oil rose three per cent to 898,715 tonnes compared with 874,187 tonnes during the same period of last year.
Import of crude oil declined two per cent and was reported at 4,174,377 tonnes compared with 4,264,576 tonnes registered during the same period of last year.
Palm Oil import also decreased during November 2013-April 2014 to 3,678,593 tonnes from 4,311,057 tonnes during the same period of last year due to disparity in processing, said the association.
However, soft oils import increased to 1,394,499 tonnes from 827,706 tonnes recorded during the same period of last year.
"Indian refiners prefer to import crude soft oils over crude palm oil in India, which has reflected in the pattern of import the last few months," it said.
Stock of edible oils, as of May 1, 2014, at various ports was estimated at 465,000 tonnes, of which CPO accounted for 230,000 tonnes, Refined Bleached and Deodorized Palmolein (70,000 tonnes), Degummed Soybean Oil (40,000 tonnes) and Crude Sunflower Oil (125,000 tonnes) and about 700,000 tonnes in the pipeline.
Total stocks, both at ports and in the pipelines, despite the higher imports during April 2014, was reduced at 1,165,000 tonnes from 1,200,000 tonnes previously.
Source:- bernama.com.my
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