Edible oil imports dipped 3% to 159.6L tonnes in 2023-24 – The Tribune-OxBig News Network

India’s edible oil imports declined by 3.09% to 159.6 lakh tonnes during the 2023-24 oil marketing year (November-October) due to higher production of domestic oilseeds and reduced demand amid rising prices, according to the Solvent Extractors Association of India. The country, which is the world’s largest importer of edible oils, had imported 164.7 lakh tonnes in the previous oil year. In value terms, the imports marginally decreased to Rs 1,31,967 crore.