Indians continue to 'gulp' all forms of edible oils
[2008-3-31]
Do you know that India is largest importer and consumer of edible oils in the world? Consumption trends in India are marked not just by rising overall consumption, but by changing patterns of consumption as well.
Read below some interesting details about the use of various edible oils by Indians!
Of the total 5.0-5.5 million tons of vegetable oils imported by India annually, 1.3-1.5 million tons is soyabean oil, imported mostly form Argentina, Brazil and US , nearly 3 million tons of palm oil is purchased from Malaysia and Indonesia.
Almost all vegetable oil consumed in India in the early 1970s was peanut oil (53 percent of consumption in 1972/73-1974/75), rapeseed oil (25 percent), and cottonseed oil (9 percent). Palm, soyabean and sunflower oil together accounted for less than 4 percent of the total. More recently, though, palm and soyabean oil account for 38 and 21 percent of total consumption respectively.
Crude Palm Oil (CPO), Crude Palmolein, RBD (refined, bleached, deodorized) Palm Oil, RBD Palmolein and Crude Palm Kernel Oil (CPKO), Crude Soya Oil and Refined Soya Oil are the various edible that India is importing.
Palm oil imported into India is used in various forms- consumed directly as 'palm oil' after refining, used in the manufacture of Vanaspati, for blending with other vegetable oil, crude oil and kernel oil for industrial purposes, etc. It is imported mainly through the ports of Kandla, Kolkata, Mangalore, Mundra, Mumbai, Chennai, Kakinada, Cochin.
Edible oil imports were placed under the OGL system in 1994, private traders were permitted to import any quantity of vegetable oils, subject only to a tariff. The tariff was initially set at 65 percent on all edible oils—still relatively high, but significantly below the implied tariff when imports were under quantitative controls.
Under the Uruguay Round Agreement on Agriculture (part of the agreement establishing the WTO) India also agreed to bound (maximum) tariffs of 45 percent for crude or refined soyabean oil imports. Tariffs on all other edible oil imports were bound at 300 percent, except refined rapeseed oil and crude sunflower-safflower oils, which were subject to over-quota.
Read below some interesting details about the use of various edible oils by Indians!
Of the total 5.0-5.5 million tons of vegetable oils imported by India annually, 1.3-1.5 million tons is soyabean oil, imported mostly form Argentina, Brazil and US , nearly 3 million tons of palm oil is purchased from Malaysia and Indonesia.
Almost all vegetable oil consumed in India in the early 1970s was peanut oil (53 percent of consumption in 1972/73-1974/75), rapeseed oil (25 percent), and cottonseed oil (9 percent). Palm, soyabean and sunflower oil together accounted for less than 4 percent of the total. More recently, though, palm and soyabean oil account for 38 and 21 percent of total consumption respectively.
Crude Palm Oil (CPO), Crude Palmolein, RBD (refined, bleached, deodorized) Palm Oil, RBD Palmolein and Crude Palm Kernel Oil (CPKO), Crude Soya Oil and Refined Soya Oil are the various edible that India is importing.
Palm oil imported into India is used in various forms- consumed directly as 'palm oil' after refining, used in the manufacture of Vanaspati, for blending with other vegetable oil, crude oil and kernel oil for industrial purposes, etc. It is imported mainly through the ports of Kandla, Kolkata, Mangalore, Mundra, Mumbai, Chennai, Kakinada, Cochin.
Edible oil imports were placed under the OGL system in 1994, private traders were permitted to import any quantity of vegetable oils, subject only to a tariff. The tariff was initially set at 65 percent on all edible oils—still relatively high, but significantly below the implied tariff when imports were under quantitative controls.
Under the Uruguay Round Agreement on Agriculture (part of the agreement establishing the WTO) India also agreed to bound (maximum) tariffs of 45 percent for crude or refined soyabean oil imports. Tariffs on all other edible oil imports were bound at 300 percent, except refined rapeseed oil and crude sunflower-safflower oils, which were subject to over-quota.
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