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India's 2014/15 vegoil imports rise 23.6 pct y/y - industry body
November 16, 2015 / 11:45 AM / 2 years ago

India's 2014/15 vegoil imports rise 23.6 pct y/y - industry body

MUMBAI, Nov 16 (Reuters) - India’s vegetable oil imports in the 2014/15 marketing year rose 23.6 percent from a year earlier to a record 14.61 million tonnes as a drop in local oilseed production prompted refiners to raise overseas purchases, an industry body said in a statement.

Imports in October rose 34 percent from a year earlier to a record 1.65 million tonnes, the Solvent Extractors’ Association said on Monday.

Imports of soyoil in the marketing year ended on Oct. 31 rose to 3 million tonnes from 1.95 million tonnes a year ago, it said. (Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu)

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