India's Edible Oil Import Dependence
India is the world's largest importer of vegetable oils, spending approximately $15-20 billion annually on edible oil imports. The country imports over 55-60% of its edible oil requirement, with palm oil, soybean oil, and sunflower oil being the major categories. Domestic oilseed production has chronically lagged behind demand despite government programmes like the National Mission on Oilseeds and Oil Palm (NMOOP).
- India imported approximately 14-16 million tonnes of edible oils annually in recent years
- Palm oil (from Indonesia and Malaysia) constitutes roughly 55-60% of total edible oil imports
- Soybean oil (from Argentina and Brazil) accounts for approximately 20-25% of imports
- India's domestic soybean oil production meets only a fraction of demand; the country produces about 10-12 million tonnes of soybeans but much of it is processed domestically
- Import duties on crude soybean oil were reduced from 44% to 20% under a separate tariff revision in 2024
● Tracked since February 07, 2026 · last seen August 08, 2026 · updates as the daily brief publishes
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