Back Office Login

you are here: Equity | News | Economy News| Detailed News
Economy NewsBack
Vegetable Oil Imports Rise 11% In August 2018
14-Sep-18   16:50 Hrs IST

The Solvent Extractors’ Association of India has compiled the Import data of Vegetable Oils (edible & non-edible) for the month of August, 2018. Import of vegetable oils during August 2018 is reported at 1,512,597 tons compared to 1,361,272 tons in August 2017 consisting 1,465,594 tons of edible oils and 47,003 tons of non-edible oils i.e. up by 11%. The overall import of vegetable oils during November 2017 to August 2018 is reported at 12,278,673 tons compared to 12,753,568 tons i.e. down by 3.7%.

SEA noted that in spite of rupee depreciation, in August import of vegetable oil jumped to 15.12 lakh tons from 11.19 lakh tons in previous month, as pipelines were dried up due to lesser import during June & July ’18 months, coupled with improved parity in import of palm oil due to reduction in spread between palm oil and soft oils, resulted into higher import.

Import from neighboring countries particularly Bangladesh and Nepal under SAFTA by land route continued and as per unconfirmed report, about 800-1000 tons either in tank lorries or consumer packs per day, entering in Eastern India, seriously affecting domestic players in Eastern India. SEA has once again taken up this issue at higher level to regulate the import.

Powered by Capital Market - Live News

For Business enquiry, call on: 011 45046022 / 45046000 or email to: partner@skicapital.net   contact@skicapital.net
SKI CAPITAL SERVICES LIMITED CIN : U74899DL1993PLC054443 / SKI CONSULTANCY SERVICES LIMITED CIN : U74140DL1999PLC098321
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7332545
plus
minus
CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
Exchanges / Depository : Prevent Unauthorized Transactions in your Trading / Demat Account. Update your Mobile Numbers / email IDs with us. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / NSDL on the same day | KYC: KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Note: "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright 2011. SKI. All Rights Reserved Designed , Developed & Powered By C - MOTS Infotech(ISO 9001:2015 certified)