India: In 2017 – 2018 vegetable oils production will reach a record level

According to Indore-based GGN International, in 2017 – 2018 food vegetable oils production in India will reach 7.66 million tonnes at 7.05 million tonnes a year earlier.

The initial stocks of oils are also at maximum level - 2.42 million tonnes, and domestic consumption will reach 10 million tonnes, which is also a record.

Oils import will be 15.12 million tonnes (15.2 million tonnes in 2016 - 2017).

Import duties on palm oil will affect the import structure, as it got increased from 15% to 25% in August.