The analysts noted a decrease in the activity of procurement in the first quarter of the 2016/17 season (November-January) due to the quite high at that time domestic production and supply of vegetable oils. However, for the rest of the season was characterized by the opposite trend, with the result that the volume of imports increased significantly.

The upward trend was also noted in purchases of refined palm olein to 2.8 million tons (2.6 million tons), crude palm oil, up to 6.3 million tons (5.7 million tons) and palm kernel oil up to 87 thousand tons (71 thousand tons).

In General, in 2016/17 MG imports of vegetable oils in India increased by 4.75% to 15.4 million tonnes against 14.7 million tonnes in the previous season. The main growth in supply was observed in the segment of sunflower oil – up to 2.2 million tonnes (1.5 million tonnes).

At the same time, the volume of procurement of soybean oil decreased to 3.3 (to 4.2 mln tonnes), mustard to 2.9 (3,7) million tons.

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