Soyabean oil imports hit seasonal high in August amid fall in local soyabean prices below MSP

India's crude soyabean oil imports surged to 4,54,639 tonnes in August, while local soyabean prices fell below the minimum support price (MSP). The Solvent Extractors Association (SEA) suggested increasing import duties on edible oils to support farmers. Total vegetable oil imports declined to 15.63 lakh tonnes from 18.66 lakh tonnes a year ago.
Read The Rest at :