Edible Oil Imports Rose 63% In 2020-21
Edible oil imports to the country remained sluggish at 131.3 lakh tonnes during 2020-21 marketing year which ended in October. However in terms of value, imports rose 63 per cent to Rs 1.17 lakh crore, according to data released by Solvent Extractors' Association of India (SEA).
The duration of the marketing year runs from November to October for vegetable oils, which consist of edible as well as non-edible oils.
"Import of vegetable oils during oil year 2020-21 is reported at 135.31 lakh tonnes (13.53 million tonnes) compared to 135.25 lakh tonnes (13.53 million tonnes) during 2019-20,” SEA said in a statement.
The import of vegetable oils has been the lowest for the second time in last six years, it added.
As per the data, edible oil import fell to 131.31 lakh tonnes in 2020-21 from 131.75 lakh tonnes in the previous year, while imports of non-edible oil rose to 399,822 tonnes from 3,49,172 tonnes.
Import of refined oil has marginally increased to 6.86 lakh tonnes in 2020-21 as compared to 4.21 lakh tonnes during 2019-20, while crude oil import marginally decreased to 124.45 lakh tonnes compared to 127.54 lakh tonnes.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
