- India's imports of edible oil increased by 8% in March 2023 compared to the previous year.
- Vegetable oil imports, including both edible and non-edible oils, rose by 6% in March 2023 compared to the same month in the previous year.
- The Solvent Extractors' Association of India (SEA) has demanded an increase in the duty difference between crude palm oil and refined palm oil to protect domestic refineries.
According to the Solvent Extractors' Association of India (SEA), the imports of edible oil in India increased by 8% year-on-year in March, reaching 11.35 lakh tonnes. Meanwhile, imports of non-edible oil decreased to 36,693 tonnes in March from 52,872 tonnes in the same month last year. In total, the imports of vegetable oils (including both edible and non-edible oils) rose by 6% to 11,72,293 tonnes in March compared to the same month last year.
Between November 2022 and March 2023, the imports of edible oils rose to 69,80,365 tonnes from 56,42,918 tonnes in the same period of the previous oil marketing year. The oil marketing year in India runs from November to October. However, imports of non-edible oils fell to 79,828 tonnes in the first five months of the 2022-23 oil year from 1,52,810 tonnes in the year-ago period.
SEA has requested an increase in the duty difference between crude palm oil and refined palm oil to safeguard domestic refineries.