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The import of edible oils fell to 9,00,085 tonnes from 10,29,912 tonnes, whereas shipments of non-edible oils declined to 11,761 tonnes from 23,435 tonnes.
Oil advertising 12 months runs from November to October.
Imports of vegetable oils throughout first six months of this oil advertising 12 months (November 2021 to April 2022) rose 4 per cent to 67,07,574 tonnes. It was 64,28,350 tonnes within the corresponding interval of the earlier advertising 12 months.
“Indonesia has banned export of palm oil with impact from April 28, 2022 which has queered the pitch and make life troublesome for hapless client internationally,” SEA mentioned in an announcement.
India imports about 6,00,000-6,50,000 tonnes of palm oil monthly from Indonesia, Malaysia and Thailand and different nations.
Out of which, Indonesia provides about 3,00,000 tonnes, primarily RBD Palmolein, and related amount arrives from Malaysia and remaining 10 per cent from Thailand and different nations.
“It’s anticipated, Indonesia might elevate the ban earlier than the top of Might, nevertheless state of affairs will flip ugly if Indonesia proceed to ban the export of palm oil merchandise as sufficient provide from different origins is just not obtainable,” SEA mentioned.
