MARKET DEVELOPMENT
Cooking Oil Imports Hit A Record in 2013-14
Cooking Oil Imports Hit A Record in 2013-14
13/11/2014 (Hindu Business Line) - India's cooking oil imports hit a record in 2013-14 due to a surge in overseas purchases of soy and sunflower oils, a trade body said on Thursday.
Imports of cooking oils by the world's top buyer rose to 11.62 million tonnes in the year ended October from 10.68 million tonnes a year ago, the Solvent Extractors' Association(SEA) said in a statement.
India mainly buys palm oil from Indonesia and Malaysia, small quantities of soyoil from South America and sunflower oil from Ukraine and Russia.
Imports of cooking oils by the world's top buyer rose to 11.62 million tonnes in the year ended October from 10.68 million tonnes a year ago, the Solvent Extractors' Association(SEA) said in a statement.
India mainly buys palm oil from Indonesia and Malaysia, small quantities of soyoil from South America and sunflower oil from Ukraine and Russia.