{"id":20449,"date":"2026-06-12T18:53:08","date_gmt":"2026-06-12T13:23:08","guid":{"rendered":"https:\/\/banitoday.com\/edible-oil-imports-rise-6-7-in-may-higher-soyabean-oil-shipments-drive-growth\/"},"modified":"2026-06-12T18:53:08","modified_gmt":"2026-06-12T13:23:08","slug":"edible-oil-imports-rise-6-7-in-may-higher-soyabean-oil-shipments-drive-growth","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/edible-oil-imports-rise-6-7-in-may-higher-soyabean-oil-shipments-drive-growth\/","title":{"rendered":"Edible oil imports rise 6.7% in May, higher soyabean oil shipments drive growth"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131685580,imgsize-1031246,width-400,height-225,resizemode-4\/-.jpg\" alt=\"Edible oil imports rise 6.7% in May, higher soyabean oil shipments drive growth\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>India&#8217;s edible oil imports increased 6.7 per cent year-on-year to nearly 13.39 lakh tonnes in May, driven mainly by higher shipments of crude soyabean oil, industry body Solvent Extractors&#8217; Association of India (SEA) said on Friday, reported news agency PTI.<span class=\"id-r-component br\" data-pos=\"2\"\/>According to SEA data, edible oil imports rose to 13,38,936 tonnes in May 2026 from 12,54,883 tonnes in the same month last year.<span class=\"id-r-component br\" data-pos=\"5\"\/>The increase was led by crude soyabean oil imports, which climbed to 4,93,854 tonnes from 3,98,585 tonnes a year earlier.<span class=\"id-r-component br\" data-pos=\"7\"\/>Imports of non-edible oils more than doubled to 26,202 tonnes last month from 12,040 tonnes in May 2025.<span class=\"id-r-component br\" data-pos=\"9\"\/>With both edible and non-edible oils taken together, India&#8217;s vegetable oil imports rose 8 per cent to 13.65 lakh tonnes in May 2026 from 12.67 lakh tonnes in the year-ago period, the association said.<span class=\"id-r-component br\" data-pos=\"13\"\/>During the first seven months of the 2025-26 oil year, total vegetable oil imports increased 12 per cent to 93.65 lakh tonnes from 83.39 lakh tonnes in the corresponding period of the previous year.<span class=\"id-r-component br\" data-pos=\"15\"\/>Edible oil imports during November 2025-May 2026 grew 13 per cent to 92.17 lakh tonnes from 81.31 lakh tonnes a year ago, while non-edible oil imports declined to 1,47,710 tonnes from 2,07,505 tonnes.<span class=\"id-r-component br\" data-pos=\"17\"\/>SEA said edible oil imports rose in May primarily because the price premium of soyabean oil over palm oil narrowed, making soyabean oil more competitive.<span class=\"id-r-component br\" data-pos=\"20\"\/>Effective June 1, the government raised the tariff value of crude palm oil (CPO) to $1,218 per tonne and RBD palm oil to $1,222 per tonne, while slightly reducing the tariff value of crude soyabean oil.<span class=\"id-r-component br\" data-pos=\"22\"\/>&#8220;No imports of RBD Palmolein were recorded during May 2026. Cumulative imports of RBD Palmolein during November 2025-May 2026 declined sharply to 47,270 tonnes from 8,26,800 tonnes in the corresponding period of the previous year,&#8221; SEA said.<span class=\"id-r-component br\" data-pos=\"25\"\/>&#8220;The decline reflects the government&#8217;s policy of maintaining a higher duty differential between crude and refined oils, which has encouraged imports of crude palm oil and supported domestic refining, value addition, and employment generation,&#8221; it added.<span class=\"id-r-component br\" data-pos=\"27\"\/>The association said the share of refined oils in total imports during the first seven months of the current oil year fell sharply to 3 per cent from 16 per cent a year ago, while the share of crude oils rose to 97 per cent from 84 per cent.<span class=\"id-r-component br\" data-pos=\"29\"\/>SEA also pointed out that imports of refined oils from Nepal continued at significant levels, aided by the zero-duty benefit available under the SAFTA agreement.<span class=\"id-r-component br\" data-pos=\"31\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/edible-oil-imports-rise-6-7-in-may-higher-soyabean-oil-shipments-drive-growth\/articleshow\/131685572.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s edible oil imports increased 6.7 per cent year-on-year to nearly 13.39 lakh tonnes in May, driven mainly by higher shipments of crude soyabean oil, industry body Solvent Extractors&#8217; Association of India (SEA) said on Friday, reported news agency PTI.According to SEA data, edible oil imports rose to 13,38,936 tonnes in May 2026 from 12,54,883 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20449","post","type-post","status-publish","format-standard","has-post-thumbnail"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - 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