Vegetable oil imports fall 13% to nearly 9.12 lakh tonne in April: SEA

"Indonesia has banned the export of palm oil with effect from April 28, 2022, which has queered the pitch and made life difficult for hapless consumers across the world," SEA said in a statement. India imports about 6,00,000-6,50,000 tonne of palm oil per month from Indonesia, Malaysia and Thailand and other countries.

Out of which, Indonesia supplies about 3,00,000 tonne, mainly RBD Palmolein, and a similar quantity arrives from Malaysia and the remaining 10 percent from Thailand and other countries. "It is expected, that Indonesia may lift the ban before the end of May, however, the situation will turn ugly if Indonesia continues to ban the export of palm oil products as enough supply from other origins is not available," SEA said.