The Hindu Business Line : Edible oil imports down in April-October

EDIBLE oil imports of the country fell by 20.6 per cent during the first seven months of the current fiscal to Rs 5,288 crore, compared to Rs 6,660 crore recorded during the corresponding previous period.

The main reason for the decline was the huge drop in imports of RBD palmolein. For the period under review, imports of RBD palmolein dropped by 74 per cent.

According to data on imports of sensitive items for the period released by the Government today, imports of crude edible oil for the period under review increased by 20.6 per cent to Rs 4,607 crore (Rs 3,820 crore).

On the other hand, imports of refined edible oil declined to Rs 681 crore from Rs 2,840 crore earlier.

An official release said that the total import of sensitive items for the period stood at Rs 9,853 crore, representing a 9.4 per cent decline over Rs 10,873 crore earlier.

The sensitive items whose imports have shown a decline at a broad group level include edible oil, cotton and silk, milk and milk products and rubber.

Imports of cotton and silk fell to about Rs 810 crore (Rs 1,145 crore).

The value of gross imports of all commodities during the period stood at Rs 3,28,813 crore (Rs 2,57,103 crore).

Thus, import of sensitive items constituted 4.2 per cent and three per cent of the gross imports during last year and the current year respectively.

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