Stagnant supply to push India’s vegetable oil imports.

India’s vegetable oil imports will rise to 25 million tonne in 2030 from 15.5 million tonne in 2017 due to increasing demand and stagnant supply. India is the world’s biggest vegetable oil importer. More than 70% of India’s edible oil demand is met from imports. Rabobank estimates Indian vegetable oil demand to grow significantly with a CAGR of 3% to exceed 34 million tonne by 2030, with the per capita consumption pegged at 24 kg in 2030, due to rising disposable income and population growth. Domestic oil seed production growth can’t keep up with rising demand. Rising demand and stagnant domestic vegetable oil supply ,which has been range bound between 6.5 million tonne and 8.5 million tonne in the past decade ,will push India’s vegetable oil imports to over 25 million tonne by 2030.