India’s Vegoil Imports up 23 Per Cent During Nov 2014 to Feb 2015

India’s vegetable oil imports (edible & non-edible) have recorded an increase of 23 per cent at 4.29 million tonnes during November 2014 to February 2015.
During the same period last year, vegetable oil imports were at 3.49 million tonnes, the Solvent Extractors’ Association of India (SEAI) said in a statement.

In last four months, due to nil export duty on palm products by Indonesia and Malaysia and reduced demand of CPO for biodiesel, pushed the export of palm products to India to reduce burgeoning stock held by the exporting countries, SEAI statement adds.