InfoSAWIT, MUMBAI – Palm oil imports in India decreased 14,59% to be 439 thousand tons in May 2023, while sunflower imports increased. In May 2023 India imported 5.14 thousand tons palm oil.

For information, palm oil markets in India reached 59 percent of the total vegetable imports in the country.

Executive Director of Solvent Extractors’ Association (SEA) India, BV Mehta said, palm oil imports significantly increased to be 5.348.396 tons in November 2022 to May 2023 compared to 2022 in the same period that reached 3.739.783 tons. It might happen for palm oil was more economic price in the period.

Data from SEA mentioned, CPO imports decreased to be 348 thousand tons in May 2023 compared to the same period last year that reached 409 thousand tons. “RBD palmolein imports decreased to be 85.205 tons from 100 thousand tons. Crude palm kernel oil (CPKO) increased to be 5.850 tons from 4.265 tons in May,” BV Mehta noted as InfoSAWIT quoted from The Hindu BusinessLine.

Still from SEA, other vegetable oil imports in India, such as, soyoil, decreased to be 318 thousand tons in May 2023 compared to the same period in 2022 that reached 373 thousand tons.

Sunflower oil significantly increased to be 295 thousand tons compared to 118 thousand tons in Mei 2022.

SEA predicted, vegetable oil stock in India per 1 June 2023 could be 738 thousand tons and or 2,203 million tons are in process.

India imported palm oil namely from Malaysia and some small scale soyoil importers, such as Argentina. Sunflower oil is imported from Ukraine and Russia. (T2)