India's Edible Oil Import Dependency to Remain High: Report

India needs to buy a lot of cooking oil from other countries, and this is expected to continue for a while.

Even though they are buying slightly less this year, around 15.5 million tons compared to the past few years, it's still a large amount.

This is because India doesn't produce enough oilseeds on its own, and a bad planting season could make it harder to grow more next year.

They import about 57% of all the cooking oil they use, like palm, soybean, and sunflower oil.

Recently, the government made it a bit cheaper to import refined oil than crude oil, which helps local oil makers.

Also, the price of palm oil is high right now, so people are buying more soybean oil instead.

Countries like Indonesia and Malaysia, where much of the palm oil comes from, are using more for biofuel and have had production problems, making it harder to get palm oil.

This situation might change later on, but for now, India will keep relying on buying cooking oil from abroad.