| Date: |
24-09-2011 |
| Subject: |
Imports of India's Cooking Oil May Decline 7.6% in 2010-2011 |
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Oilseed meal exports in the year ending Oct. 31 may increase to 5.07mn tons from 3.2mn tons last year.
Vegetable oil imports by India may reportedly fall as much as 7.6% this year after a bigger domestic oilseed crop boosted oil supplies.
Sushil Goenka, president of the Solvent Extractors’ Association of India was quoted as saying that the imports may be 8.5mn metric tons to 8.6mn tons in the year that began on Nov. 1, compared with 9.2mn tons a year earlier.
According to reports, imports totaled 6.86mn tons in the November-August period. Oilseed meal exports in the year ending Oct. 31 may increase to 5.07mn tons from 3.2mn tons last year.
Source : indiainfoline.com
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