Page 8 - Edible Oil
Edible oil import bill to rise 15-20%
India's edible oil import bill is likely to rise by 15-20 per cent this oil year (November '15-October '16), on a sharp increase in the price of crude palm oil (CPO) in global markets and a widening supply deficit here.A fall in production from local sources, and a spurt in demand on subdued prices over the past year, has widened the deficit in India. the country imported 14.5 million tonnes of vegetable oil (edible and non-edible) worth Rs 60,000 crore in oil year 2014-15. This is likely to rise to 16 mt worth Rs 75,000 crore by the end of the current oil year in October.The CPO price in November was around 2,100 ringgit a tonne in Malaysia, after declining to a several-years low of 1,800 ringgit a month before. It recovered from this to trade currently at 2,685 ringgit a tonne. From the lowest level, the price is up 49 percent"Considering the average price rise of 10 per cent and a similargrowth in volume of import, India's edible oil import bill will jump by up to 20 per cent this y
 "Edible oil import bill to rise 15-20%")
Edible oil import bill likely to rise 25% in FY17
Domestic demand rise continues, amid stagnant supply from local sources; prices up 25% since January
 "Edible oil import bill likely to rise 25% in FY17")
Segment shift in edible oil sales
Share of sale in loose form more than halves to 30% in five years from 70% earlier
 "Segment shift in edible oil sales")
