April 14, 2021
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SEA expects that record mustard production would help reduce the import of vegetable oils in the coming months
India s palm oil imports increased 7.10 per cent but those of soft oils declined by 14.38 per cent in the first five months of the oil year 2020-21.
The Solvent Extractors’ Association (SEA) of India, the apex body of oil crushers, is of the view that the record mustard production in India would help reduce the import of vegetable oils in the coming months.
SEA , which released the vegetable oil import data for the first five months of the oil year 2020-21, said that the country imported 30.90 lakh tonnes of palm group of oils - crude palm oil, RBD palmolein, and crude palm kernel oil - during November 2020 to March 2021 against 28.85 lakh tonnes in the same period a year ago. The import of crude palm oil (CPO) increased to 29.9 lakh tonnes during the period from 24.6 lakh tonnes.