date:Nov 21, 2018
Puri Oil Mills has observed that India is an edible oil-deficit economy and the annual imports lead to an enormous outflow of valuable foreign exchange. However, the sharp decline in the imports of vegetable oils from 14.8 lakh tonne in May 2017 to 10.5 lakh tonne in July 2018 (a 27 percent fall) is great news for the country.
According to the Solvent Extractors Association of India, annually, vegetable oil imports have declined by about six per cent for the first time in eight years. Earlier,