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India’s edible oil imports jump 39% in November due to sunflower, soyabean surge

India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).

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India's edible oil imports saw a significant rise in November 2024, climbing 38.5 per cent to 15.9 lakh tonnes, primarily driven by a sharp increase in shipments of crude sunflower oil and crude soyabean oil, as per industry data released by the Solvent Extractors' Association of India (SEA). This surge marked the first month of the 2024-25 oil marketing year.

According to the data, the total import of vegetable oils, including both edible and non-edible oils, rose 40 per cent in November, reaching 16.28 lakh tonnes compared to 11.61 lakh tonnes in the same month last year. Of this, 15.90 lakh tonnes were edible oils, up from 11.48 lakh tonnes in November 2023. Non-edible oil imports also witnessed a sharp increase, rising to 37,341 tonnes from 12,498 tonnes in November 2023.

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