India's June palm oil imports down 24 per cent from previous month

July 14th, 2021

India's palm oil imports fell 24 per cent to 5,87,467 tonne in June over the previous month of this year due to higher stock in the domestic market, industry body Solvent Extractors Association (SEA) said on Tuesday. The SEA expressed concern that the recent cut in import duty of crude palm oil (CPO) and other plam oils till September, as well as unrestricted import of RBD palmolein till December would be detrimental to the interest of domestic refiners and oilseeds growers.