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India’s Palm Oil Imports Could Fall 11 Year Low

Published on May 26, 2022
Current Context: As per recent data it is estimated that palm oil imports would go down due to allowing duty-free imports of soy oil.
India’s Palm Oil Imports Could Fall 11 Year Low
  • The other reason which led to fall in prices was Indonesia's curb on exports to India.
  • It is also expected that India's palm oil imports in 2021-22 could fall to 6.7 million tonnes by Oct 31st which is the lowest since 2010.
  • Apart from that government has allowed duty-free imports of 2 million tonnes each of crude soy oil and crude sunflower oil for the current and next fiscal years.
  • These steps have been taken by keeping in mind local edible prices.
  • On one side, Indonesia came into the picture by revoking the ban after three weeks but it’s uncertain about how much quantity to be exported to India.


Q.1 According to recent data Indian palm oil imports would fall to how much percentage?
a. 21%
b. 19%
c. 23%
d. 18%

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