India’s edible oil imports dip 3% to 159.6 lakh tonnes in 2023-24: SEA

India’s edible oil imports saw a slight dip of 3.09% in the 2023-24 oil year, reaching 159.6 lakh tonnes. This decrease is attributed to a boost in domestic oilseed production and a slight decline in demand due to price increases. Despite the overall decrease, sunflower oil imports actually rose, while imports of other oils like palm and soybean oil decreased.