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Edible Oil Imports Rise 22 percent To Rs 1.61 Lakh Crore In 2024-25 Marketing Year; Volume Remains Steady: SEA

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Edible Oil Imports Rise 22 percent To Rs 1.61 Lakh Crore In 2024-25 Marketing Year; Volume Remains Steady: SEA


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India imported 16 million tonnes of edible oils worth nearly Rs 1.61 lakh crore during the 2024-25 marketing year ending in October to meet domestic demand. all

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India imported 16 million tonnes of edible oils worth nearly Rs 1.61 lakh crore during the 2024-25 marketing year ending in October to meet domestic demand, according to the industry group SEA. In the 2023-24 marketing year (November-October), India’s edible oil imports were 15.96 million tonnes valued at Rs 1.32 lakh crore, as per data from the Solvent Extractors’ Association of India (SEA) released on Thursday.

The value of edible oil imports increased by 22 percent due to higher global prices. India imports palm oil from Indonesia and Malaysia, while soybean oil comes from Argentina and Brazil. “To meet the gap between supply and demand, India has been importing edible oils since the 1990s. Initially, the import volume was very low. However, in the last 20 years (2004-05 to 2024-25), the import volume has grown by 2.2 times, while the cost has increased nearly 15 times,” the association said.

In 2024-25, India spent nearly Rs 1.61 lakh crore (USD 18.3 billion) to import 160 lakh tonnes (16 million tonnes) of edible oils. In terms of volume, edible oil imports were 16.47 million tonnes in 2022-23, 14.03 million tonnes in 2021-22, and 13.13 million tonnes in 2020-21. During the 2024-25 oil marketing year, SEA data showed that 1,737,228 tonnes of refined oils were imported compared to 1,931,254 tonnes in the previous year.

However, imports of crude edible oils increased to 14,273,520 tonnes from 14,031,317 tonnes in the 2023-24 marketing year. Soybean oil imports set a new record of 5.47 million tonnes in 2024-25, surpassing the previous high of 4.23 million tonnes in 2015-16. Palm oil imports dropped sharply to 7.58 million tonnes from 9 million tonnes, according to the association’s data.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

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The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d…Read More

The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d… Read More

News india Edible Oil Imports Rise 22 percent To Rs 1.61 Lakh Crore In 2024-25 Marketing Year; Volume Remains Steady: SEA
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Strategic sovereignty a guiding imperative in reshaping global economy, say CEOs – The Times of India

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Strategic sovereignty a guiding imperative in reshaping global economy, say CEOs – The Times of India


NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion, and consumer sectors, discussed the challenges and opportunities of operating in a fragmented global economy.Highlighting the core of strategic sovereignty in a world of global supply chains, General Atomics Global Corporation CEO Vivek Lall, chief executive of, said, “It is about reducing vulnerability to geopolitical choke points, whether in energy, technology, manufacturing, logistics, or data. Strengthening domestic capabilities while building trusted international partnerships is critical, and it is equally important to develop resilience against any potential choke points. As the global community moves forward, the underlying theme is going to be human resource training and human resource knowledge, capabilities. This is often underemphasized, but at the root of strategic sovereignty is a strong focus on human resource development.”Talking about how strategic sovereignty is reshaping the flow of global capital, Kishore Moorjani CEO – Alternatives, Private Funds CapitaLand Investment said, “Perhaps there’s no better place to see that in action than in India. When the country began liberalising over 30 years ago, it was hungry for capital and attracted significant foreign institutional investment. While FII capital is important, it can be fickle. Today, the situation has reversed: capital is chasing India… We respect the sovereignty of the markets we operate in and align our investments accordingly. We come to build India, not just trade.”Discussing the role of financial institutions in building national resilience, Mary Ellen Iskenderian, president & CEO of Women’s World Banking, said, “True economic resilience depends on inclusive access to savings, credit, insurance, and digital payments. Financial inclusion strengthens households and communities, particularly in the face of climate shocks and economic volatility, reinforcing national stability from the ground up.On the question of how consumer brands maintain core identity while navigating local cultures, regulations, and consumer expectations, Mike Jatania, CEO and chairman The Body Shop & co-founder of Aurea, said: “For brands operating across borders, maintaining identity while respecting national priorities is essential. If your brand has a clear purpose and core values, it can adapt locally without losing its identity. Purpose, transparency, and trust are economic currency.”



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Video: How ICE Is Pushing Tech Companies to Identify Protesters

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Video: How ICE Is Pushing Tech Companies to Identify Protesters


new video loaded: How ICE Is Pushing Tech Companies to Identify Protesters

The DHS is flooding social media companies with administrative subpoenas to identify accounts that are protesting ICE. Social media companies have pushed back but are largely complying. Our tech reporter, Sheera Frenkel, explains.

By Sheera Frenkel, Christina Thornell, Valentina Caval, Thomas Vollkommer, Jon Hazell and June Kim

February 14, 2026



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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026

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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026


Indian Railways has reached a global milestone in freight operations, securing its position as a premier international logistics hub. Union Minister for Railways, Ashwini Vaishnaw, announced today that the national carrier has achieved an unprecedented scale in its logistics division. Highlighting this achievement, the Minister stated, “Indian Railways has become the second-largest cargo carrier in the world.”

Building on this momentum, the Ministry has prepared a rigorous roadmap for the upcoming year aimed at systemic transformation. The government plans to roll out a series of weekly initiatives to modernise every facet of rail travel and transport. Vaishnaw explained the structured timeline, saying, “For 2026, Railways has resolved to implement 52 reforms in 52 weeks.”

The initial phase of this plan will prioritise the passenger experience, with a focus on improving the quality of onboard facilities. The Minister identified the primary starting point for this year-long agenda, noting, “The first reform is better onboard services in Railways.”

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In addition to passenger amenities, the government is placing strong emphasis on the “Gati Shakti” initiative to streamline the nationwide movement of goods. This strategic focus is designed to strengthen the country’s supply chain. Vaishnaw confirmed the freight sector’s priority, adding, “The second concerns ‘Gati Shakti Cargo.’”

A cornerstone of the 2026 agenda is a comprehensive overhaul of sanitation and hygiene standards. The Ministry has developed a new blueprint to ensure that the rail network’s cleanliness meets global benchmarks. Detailing the specifics of the first major initiative, the Minister remarked, “Reform number one for 2026 will ensure proper end-to-end cleaning of the Railways… The concept of a clean rail station has been established.”

This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet. The implementation will be phased to ensure thoroughness and consistency. Vaishnaw clarified the timeline, stating, “Over three years, this reform will be implemented across all trains.”

To ensure the success of these reforms, the Ministry is introducing a robust accountability framework. These measures will include performance-based contracts and the integration of modern digital tools to monitor progress in real time. Emphasising the shift towards professional and technology-driven management, the Minister concluded, “There will be clearly defined service-level agreements… There will be extensive use of technology.”



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