India's vegetable oil import forecast in 2022/23 reaches 15 million tons

게시됨 2023년 3월 20일

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India is projected to see a rise in cooking oil imports due to the country's growing population, increased per capita consumption, and strong economic growth, positioning it as the world's largest importer of vegetable oils. The country's expected imports for the year include 8.75 million tonnes of palm oil and 3.75 million tons of soybean oil, alongside 2.5 million tonnes of sunflower oil. However, rising transportation and insurance costs from the Black Sea region and a sunflower oil shortage in Argentina might affect these import plans. To mitigate these challenges, India has announced plans to allow duty-free import of 2 million tonnes of crude sunflower oil from the current fiscal year until March 2024, but will cease duty-free imports of crude soybean oil starting from the next fiscal year.

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원본 콘텐츠

Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consulting firm, said India's population is growing, coupled with a per capita consumption of 17kg and strong economic growth. , the country expects cooking oil imports to increase. India is the world's largest importer of vegetable oils. The country imports sunflower oil from the Black Sea region, which accounts for 60% of sunflower oil production and 76% of world exports. India estimates palm oil imports to rise to 8.75 million tonnes for the year, from 8.26 million tonnes a year ago. Bajoria forecasts soybean oil imports in 2022/23 at 3.75 million tons, down from 4 million tons last year. For sunflower oil, India's imports are estimated at 2.5 million tonnes, up from 1.88 million tonnes a year ago. The country is likely to import 1.5 million tonnes of duty-free sunflower oil in the current financial year to March 31, 2023 in the Black Sea region, more than half a million tonnes below the allotted quota. ...

출처: Vinanet