India Import of Vegetable Oils in December Down 10% - SEA

The Solvent Extractors Association of India (SEA) import data of the country’s vegetable oils (edible & non-edible) for the month of December 2021 show volume dropped 10% to 1,226,686 MT from 1,356,585 MT in December 2020.  The total consisted of 1,216,863 MT of edible oils and 9,823 MT of non-edible oils.  
The total import of vegetable oils during the first two months of oil year 2021 November-2022 October, November-December 2021 reported at 2,400,433 MT slightly declined by 2.4% from same period year-earlier at 2,459,484 MT. During the period, import of soybean oil was up by 51% at 886,631 MT due to decline of domestic crushing, while palm oil import suffered a reduction by 20.4% at 1,105,582 MT due to higher import of soybean oil.  
   
Indonesia and Malaysia are the major suppliers of palm oil to India.  During the two-month period, Malaysia was primary supplier of crude palm oil while Indonesia was primary supplier of RBD palm olein.  In the soft oil section, soybean oil was imported largely from Argentina while sunflower oil came mainly from Ukraine and Russia.