Indian Import of Vegatable Oils Up 11% in November 2021

Data from the Solvent Extractors Association (SEA) of India showed the country’s import of vegetable oils (edible and non-edible) rose 11% to 1,173,747 MT in November 2021 from 1,060,549 MT in October.  The figure is 6% higher when compared to November year-ago at 1,102,899 MT.  Import of soybean oil more than doubled (+119%) at 474,160 MT from 216,920 month-ago and increment over year-ago at 250,784 MT was 90%. Import of sunflower oil likewise increased at 125,024 MT from month-ago at 116,900 MT but declined from year-ago at 214,077.  
On the other hand, import of crude palm oil dropped 24% to 477,160 MT from 626,307 MT in prior month and by 20% from 589,268 MT in prior year.  Import of refined oil (RBD palm olein) leaped more than fivefold to 58,267 in November 2021 from 10,000 MT in the same month year-ago.
Indonesia and Malaysia are the major suppliers of RBD palm olein and crude palm oil to India.  For the month of November 2021, Malaysia was top supplier of crude palm oil at 244,505 MT; import of RBD palm olein was 7,500 MT.  Indonesia led in RBD palm olein at 50,767 MT while supply of crude palm oil was 192,145 MT.  Soybean oil was imported mainly from Argentina and Brazil at 319,117 MT and 100,230 MT, respectively while sunflower oil from Ukraine at 107,980 MT and Russia at 17,034 MT.