Imports of edible oil decrease by 23% to 3.64 in the 2023–24 oil year

According to a report released on Monday by the trade association Solvent Extractors’ Association of India (SEA), imports of edible oils—palm, soya bean, and sunflower—were down 23% to 3.64 million tones during the first quarter of the 2023–24 oil year (October–September) when compared to the same period the previous year. The nation imported 1.2 million…

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edible oil

The edible oil business searches for legislation to promote greater autonomy

The industry anticipates an early implementation of a robust policy framework along the lines of the one the government established for the expansion of oil palm plantations in the nation, given that Finance Minister Nirmala SithaRaman stated a special focus to promote edible oil crops. The industry, which uses up foreign cash because the nation…

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