India's vegetable oil imports fall 29% in June to 11.46 lakh tonnes, lowest this oil year

Indias vegetable oil imports fell 29 per cent yearonyear in June to 1146 lakh tonne the lowest level since the start of the current oil year as palm oil was available on less discount as compared to others like soybean the Solvent Extractors Association of India SEA said on TuesdayIndia the worlds biggest importer of edible oils had bought 1616 lakh tonne in June 2025 Oil year runs from November to OctoberDespite the decline in June the cumulative import in the first eight months of the 202526 oil year November 2025June 2026 rose to 1057 lakh tonne from 9955 lakh tonne a year earlierThe latest figures indicate that while vegetable oil imports have remained higher overall during the current oil year the substantial decline in June has moderated the pace of cumulative growth the SEA said in a statementThe June decline was driven mainly by a 105 per cent monthonmonth drop in palm oil imports to 487000 tonne Crude palm oil imports fell to 488863 tonne from 546456 tonne in MaySoybean oil imports dropped 23 per cent to 381000 tonnes in June from 494000 tonne in May as palm oils discount as compared to others narrowed to below USD 50 a tonne the SEA saidSunflower oil imports however rose to 242870 tonne in June from 195726 tonne in MayImports of refined cooking oils were nil for a second straight monthTotal vegetable oil stocks stood at 2009 lakh tonnes as of July 1 down from 2216 lakh tonne a year earlier reflecting the lower June importsThe SEA said Nepal continued to ship significant volumes of refined oils to India which pays no import duty on Nepalese oil under the South Asian Free Trade Area SAFTA pactNepal exported about 338854 tonne of refined oils to India between November 2025 and April 2026 mostly refined soyoil along with sunflower oil RBD palmolein and rapeseed oilExports were estimated at about 54000 tonnes in May and 32000 tonnes in June the SEA saidIndia primarily imports palm oil from Indonesia and Malaysia and soyabean oil from Argentina and BrazilThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever