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According to Solvent Extractors Association (SEA), import of palm oil products increased sharply to 5,348,396 tonne during November-May period of 2022-23 oil year due to price parity as compared to 3,739,783 tonne in the year-ago period. "The share of palm oil increased to 59 per cent from 50 per cent, while soft oils import reduced. However in last two months, shipment of sunflower and soybean oils sharply increased," SEA Executive Director B V Mehta said in a statement.
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