India’s palm oil imports rise 15% in 2020-21. Imports may see a slack in 2021-22 | India YoY stocks Canva

India’s palm oil imports rose 15% to 8.321 million tons in the just concluded marketing year 2020-21 (Nov-Oct) compared to a year ago official data from the Solvent Extractors’ Association of India showed while imports of soft oils took a dip. Repeated cuts in import duties to tame food price inflation and lifting of refined palm oil import restrictions saw a sharp surge in palm oil imports in 2020-21.  On soft oils soybean oil imports fell 15.31%, sunflower oil edged down 24.81% and rapeseed oil tumbled 5.45%…