date:Apr 28, 2019
During the first five months of the oil year 2018-19, edible oil imports increased by 3.9 percent to six million tonne compared to the corresponding period a year ago. This growth was primarily on account of the 24.7 percent increase in imports of refined palm oil that stood at 0.96 million tonne during the period, while the import of crude palm oil declined by 4.1 percent to 2.9 million tonne.
The main reason for the rise in imports of refined palm oil was the cut in import duty of refined pal