date:Apr 28, 2019
e oils by India with the current duty structure are expected to increase by about three percent to 14.9 million tonne during the year 2018-19 with availability of cheap edible oils in the global market and also on the back of the low base effect. Edible oil imports had declined by 3.9 percent y-o-y to 14.5 million tonne during the last oil year 2017-18, mainly due to consecutive import duty hike undertaken by the government during the year.
The higher imports and weak international prices are l