[Back]   [Comments]  [Print]

NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

09/09/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Bernama

CATEGORY

HEADLINE

COMING FESTIVAL SEASON BUOYS IMPORT OF EDIBLE OIL
NEW DELHI, Sept 8 (Bernama) -- India's edible oil imports during August2004 increased to 401,000 tonnes, up from 292,000 tonnes in the previousmonth, buoyed by the demand for the coming festival season. Importsduring September and October were placed at 900,000 to 1,000,000 tonnes,taking the total oil imports during the oil year (November '03 to October'04) to 4,200,000-4,300,000 tonnes as against 5,110,000 tonnes in theprevious oil year, according to the financial daily, the Hindu BusinessLine.According to preliminary import data from the industry portalOilmandi.com, quoted by the paper, the composition of arrivals duringAugust this year was as follows: 171,000 tonnes of de-gummed soya oil;158,000 tonnes of crude palm oil; 33,300 tonnes of refined palmolein; and31,500 tonnes of crude sunflower oil. The rest included 4,000 tonnes ofcrude palmolein and 2,000 tonnes of crude palm kernel oil. There was asubstantial increase in soyabean oil arrivals following a downward pricecorrection in international market. Crude olein imports were downconsiderably last month, while sun oil imports picked up because offestival demand, the report said. Imports of edible oil during the firstten months of the current oil year were estimated at 3.1 million tonnes,compared with 4.25 million tonnes during the corresponding period of theprevious oil year. -- BERNAMA