Palm oil imports up in first five months of oil year

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According to the Solvent Extractors Association (SEA) of India,palm oil imports increased 7.10 per cent but those of soft oils declined by 14.38 per cent in the first five months of the oil year 2020-21. SEA said the country imported 30.90 lakh tonnes of the palm group of oils – crude palm oil, RBD palmolein and crude palm kernel oil – during November 2020 to March 2021, against 28.85 lakh tonnes in the same period a year ago. Import of crude palm oil increased to 29.9 lakh tonnes during the period from 24.6 lakh tonnes.Import of soft oils such as soybean and sunflower decreased to 21.49 lakh tonnes from 25.10 lakh tonnes, said a report.