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    HomeNewsBusinessEconomyIndia's July palm oil imports drop 33% as costs rise: Trade body

    India's July palm oil imports drop 33% as costs rise: Trade body

    Soyoil imports fell by a quarter to 352,325 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.

    Reuters
    August 14, 2018 / 14:47 IST

    India's palm oil imports slumped 33 percent in July from a year earlier to 550,180 tonnes as higher duties and a depreciating rupee made imports more expensive, a leading trade body said on Tuesday.

    Soyoil imports fell by a quarter to 352,325 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.

    India is the world's biggest importer of edible oils. Its total vegetable oil imports dropped 27 percent to 1.12 million tonnes in July, it said.

    Reuters
    first published: Aug 14, 2018 02:43 pm

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