India’s palm oil imports from Malaysia go up 23% in January

India’s palm oil imports from Malaysia go up 23% in January

This amounts to more than 500,000 tonnes of palm oil.

India remains a major importer of Malaysian palm oil.
NEW DELHI:
Nearly half of India’s imports of overall edible oil in January was from Malaysia.

The Solvent Extractors’ Association (SEA) said this amounted to more than 500,000 tonnes of palm oil out of the 1.07 million tonnes it imported.

The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by the industry group.

SEA said India’s CPO imports from Malaysia in January were 23% higher than the December purchase.

The country’s palm oil imports totalled 780,741 tonnes last month, constituting 73% of all vegetable oil imports.

Palm oil’s share of the December imports was 58%, but a sharp drop in soybean imports reduced the share of soft oils versus palm oil in January, according to SEA.

Edible oil imports fell to 1.07 million tonnes last month from about 1.32 million tonnes in December.

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