Globoil-2017, Highlights, Dorab Mistry, Director, London-based Godrej International:

India edible oil imports is estimated to rise 1.6% to 15.5 million tonne in the current marketing year ending October. There are expectations of higher imports as production is stagnating and local oilseeds remain uncrushed. Of the total edible oil imports estimated for 2016-17 (Nov-Oct), palm imports would likely comprise the bulk at about 9.65 million tonne, up from 9.32 million tonne bought in the year-ago period. Malaysia palm oil stocks rising till Dec. See Malaysia palm oil stocks falling Jan-Sep. Scales up 2017 Malaysia palm oil output view to 20 million tonne. Scales up 2017 Indonesia palm oil output view to 35 million tonne. ndia ’17-18 sunflower oil import up 1% at 2.15 million tonne. India ’17-18 palm oil import up 4% at 9.65 million tonne. India ’17-18 soyoil import down 3% at 3.4 million tonne. India ’17-18 edible oil import up 2% at 15.5 million tonne