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Edible oil imports drop 21 pc to Rs 5,818 cr in April-Nov
Our Bureau
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The total import of sensitive items for the period April-November 2005 stood at Rs 10,756 crore (Rs 12,452 crore), a 13.6 per cent decline.
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New Delhi
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Feb. 10
EDIBLE oil imports declined by 21.26 per cent during April-November 2005 to touch Rs 5,818 crore compared with the import level of Rs 7,389 crore recorded in the same period during the previous year.
A significant feature of edible oil import was that the import of crude oil had gone up by 20.8 per cent and that of refined oil had gone down by 77.6 per cent.
An official release said that the decline in edible oil import was mainly due to the huge shortfall in import of RBD Palmolein, which had gone down by 75 per cent and other refined palm oil that had gone down by 76 per cent.
The total import of sensitive items for the period April-November 2005 stood at Rs 10,756 crore (Rs 12,452 crore), a 13.6 per cent decline.
The gross import of all commodities during April-November 2005 stood at Rs 3,73,006 crore (Rs 2,98,287 crore). Imports of sensitive items constituted 4.2 per cent and 2.9 per cent of the gross imports during last year and current year respectively.
While imports of edible oil, cotton and silk, milk and milk products and rubber had shown a decline at broad group level, imports of fruits and vegetables, spices, automobiles, tea and coffee and products of SSI showed an increase during the period under review.
Imports of sensitive items from Argentina, China, Egypt, Germany, Ghana, Guinea Bissau, Ivory Coast, the United Arab Emirates and the US have gone up, while those from Indonesia, Malaysia. Brazil, Benin, Japan and Sri Lanka DSR etc have shown a decrease.
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