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Cooking Oil Imports Hit A Record in 2013-14
calendar13-11-2014 | linkHindu Business Line | Share This Post:

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.