India's imports of vegetable oil fats rise 26.8% in March from February to US$970.62M, data shows

Nevin Barich

April 20, 2014 (Commodity Online) – India s import of vegetable oils animal or vegetable fats and product imports rose 26 79% on month on month basis to US$ 970.62 mn in March according to INfodriveIndia.com.The findings are based on customs data collected from ports. ccording to Pradeep Chief Research Associate of InfodriveIndia.com compared to February 2014 a increase of USD 970.62 M in March 2014 has been noticed. He further gives a analysis and break up of major product categories major countries and major Indian ports under Animal or Vegetable Fats Oils and their Cleavage products as follows :

A.Imports of Palm Oil and its Fractions has grew month on month basis by 32.3%.

Total value of imports in March 2014 was 630.28 M compared to February 2014 there is a increase of 153.89 M in March 2014 growth rate in percentage terms is 32.3% the major destination countries were Indonesia and Malaysia and major Indian ports were Kandla Calcutta Sea Krishnapatanam Kakinada and Mangalore Sea .

B.Imports of Sunflower Seed Safflower or Cotton Seed Oil has grew month on month basis by 18.61%.

Total value of imports in March 2014 was 157.88 M compared to February 2014 there is a increase of 24.77 M in March 2014 growth rate in percentage terms is 18.61% the major destination countries were Ukraine argentina Poland Italy and Japan and major Indian ports were Madras Sea Krishnapatanam Kakinada JNPT and Mangalore Sea .

C.Imports of Soya Bean Oil and its Fractions grew month on month basis by 29.5%.

Total value of imports in March 2014 was 156.42 M compared to February 2014 there is a increase of 35.63 M in March 2014 growth rate in percentage terms is 29.5% the major destination countries were argentina Brazil Paraguay Germany and United States and major Indian ports were Kandla Calcutta Sea JNPT Mundra and Ahmedabad Air .

D.Imports of Coconut (Copra) Palm Kernel or Babassu Oil and Fractions grew month on month basis by 2.76%.

Total value of imports in March 2014 was 15.06 M compared to February 2014 there is a increase of 0.41 M in March 2014 growth rate in percentage terms is 2.76% the major destination countries were Indonesia Malaysia and United States and major Indian ports were Kakinada JNPT Madras Sea and Madras Air.

Pradeep says that the above information is on major product categories and users requiring detailed analysis and reports on their specific products can contact Sales team at InfodriveIndia.com with detailed description of their product brand names and its uses. Published by HT Syndication with permission from Commodity Online. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

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