| India's Oils & Fats 2015- The Year That Was |
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VIEWS
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by Bhavna Shah
Regional Manager, India
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During 2015, compared to 2014, imports rose 24% from 12.14 MMT to 15.05 MMT, exceeding all earlier trade projections. Stagnation in domestic production leaves no choice but to increase dependence on imports to bridge the demand-supply gap.
Palm oil will continue to be the cornerstone of imports but will face serious challenges from soft oils. Narrowing of price gap and insufficient off take of stearin have pushed soft oils to command a 35% share in the import basket.
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