Import of palm oil(crude and refined), the imported in August 2021 was 7.43 LMT as against 5.65 LMT in July, 2021, up by 31.50% from the previous month, largely due to opening up of the economy, said the Ministry of Consumer Affairs in a release.
“Taking year on year comparison for the month of August it can be seen that the total palm oil imports (crude and refined) for 2019, 2020 and 2021 was 8.81 LMT, 7.48 LMT and 7.43 LMT respectively which is still below the usual demand in the economy,” added the release.
Due to a gap between demand and supply, around 60% of the edible oils consumed in …
