Edible Oil Imports Down 16% In July On Lower Shipments Of Palm Oil

Edible Oil Imports Down 16% In July On Lower Shipments Of Palm Oil

India's import of edible oil fell 16% to 15.48 lakh tonnes in July, mainly due to a fall in shipments of palm oil, both refined and crude, according to industry body SEA.The country imported 15,48,041 tonnes in July this year as against 18,40,062 in the year-ago period.The data does not include imports from Nepal, the Solvent Extractors’ Association of India said in a statement on Thursday.The industry body said the fall in imports of edible oil…

Ethanol Drive Raises Doubts Over India’s Edible Oil Self-Reliance

Indian farmers are switching from growing oilseeds to rice and corn to achieve India’s ethanol blending target. This will be a setback for the world’s largest buyer for cooking oil to reduce costly imports, Reuters reported.  The record harvest of rice and corn has led the government to utilise more grains to produce ethanol, meeting its target of blending 20% of the biofuel additive with gasoline. This process has also resulted in an abundance …