India’s cooking oil imports in 2023-24 are down by 3% as consumption falls due to high prices

India's edible oil imports dipped by 3% in 2023-24, totaling 15.96 million tonnes due to increased domestic oilseed production and a dip in demand attributed to high prices. The Solvent Extractors' Association (SEA) anticipates a further 10 lakh tonne import reduction in 2024-25, fueled by a projected bumper oilseed harvest.