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India reins in its edible oil imports

This article was originally published in The Public Ledger

INDIA purchased 475,123 tonnes of vegetable oils in April from overseas, down 12.5% a year ago, largely on higher local oilseeds supply, the Solvent Extractors' Association of India said in a statement on May 13. This was the sixth straight month of decline. However, on a month-on-month basis, the country's vegetable oil imports in April rose 9% from 435,735 tonnes in March as the local oilseeds harvest season ended.

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