India imported 1,146,051 tons of vegetable oil, consisting 1,122,685 tons of edible oils and 23,366 tons of non-edible oils, during March 2018, rose 3% as compared to 1,114,325 tons in March 2017, the Solvent Extractors’ Association (SEA) of India said in its latest report. The overall import of vegetable oils during November 2017 to March 2018 is reported at 5,931,829 tons compared to 5,798,776 tons i.e. Up by 2%. Import of Vegetable Oils during Financial Year 2017-18 (April – March) reported at 15,573,295 tons consisting 15,181,180 tons of edible oils and 392,115 tons of non-edible oils compared to 14,217,756 tons in 2016-17 i.e. up by 10%. The stock of edible oils as on 1st April, 2018 at various ports is estimated at 770,000 tons (CPO 350,000 tons, RBD Palmolein 160,000 tons, Degummed Soybean Oil 80,000 tons, Crude Sunflower Oil 160,000 tons and 20,000 tons of Rapeseed (Canola) Oil) and about 1,342,000 tons in pipelines. Total stock at ports and in pipelines is reported at 2,112,000 tons, decreased by 85,000 tons from 2,197,000 tons in March 2018. India’s total demand for edible oils during 2017-18 is estimated at 23.00 lakh tons. Monthly requirement is about 19.00 lakh tons and operate at 30 days stock against which currently holding stock over 21.12 lakh tons equal to 33 days requirements.
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