India may seriously reduce imports of vegetable oils

In the 2023-24 agricultural year, India will reduce imports of vegetable oils by 700 thousand tons from the previous agricultural year - from 16.9 to 16.2 million. The Hindu Business Line writes about this with reference to data from the national Vegetable Oil Producers Association (IVPA). The reason for this, analysts said, was the significant accumulation of domestic reserves of these products due to active purchases in the last agricultural season. We are talking about three types of them - sunflower, palm and soybean. Palm oil production may fall in Indonesia in 2024 The first of them will be the only one whose purchases will increase due to the serious needs of the domestic food industry. They will amount to 3.5 million tons versus the earlier three million. Imports of the remaining two products will decrease from 10.1 and 3.9 to 9.1 and 3.6 ...