New Delhi, July 22: India’s edible oil import bill is estimated to rise 9 per cent to Rs 1.75 lakh crore during the current marketing year ending October on higher volumes and rupee depreciation, according to industry body SEA.
In a letter to the members, Solvent Extractors’ Association President Sanjeev Asthana expressed concern over rising import bills and said the oilseed revolution could no longer wait.
“India stands at a defining moment in its edible oil journey, and the warning signs are becoming increasingly difficult to ignore. The country’s edible oil import bill, which stood at Rs 1.61 lakh crore last year, is now projected to cross an unprecedented Rs 1.75 lakh crore this year,” he said.
Earlier, SEA has reported that India’s edible oil import rose 7 per cent to 103.88 lakh tonnes during November 2025-June 2026 period from 97.29 lakh tonnes in the corresponding period of the previous oil year.
The edible oil marketing year runs from November to October. In the first eight months of the current oil year, the import bill stood at Rs 1.19 lakh crore as against Rs 99,000 crore in the year-ago period. (PTI)
