The import invoice of agricultural products in India increased by approximately 20 percent to $ 27 billion from 2024-25 prosecutor on increasing imports of eating oils, legumes and cotton, among other products, such as fruits and vegetables. In the previous year, the import value of these agri products stood at $ 22.13 billion.
Vegoils continues to lead the agri import basket followed by legumes, fruits and vegetables and cotton, according to the recently launched ministry data. Duration of imports of Vegoil The financial year increased by 16.55 percent in terms of value by $ 17.33 billion of the $ 14,87 billion of the previous year. The increase in global prices of edible oils, such as palm oil doors, the year contributed to the increase in import invoice.
“I thought that our imports are likely to be in the range of 15.5-16 million tons for the year, the general import value has increased because Palm had become expensive in the year,” said BV Mehta, executive director of the solvent extractors). India imported 15.53 million tons of edible oils during financial year 2023-24.
It matters a bit
With palm oil revolving expectation, India imports of other edible oils, such as sunflower oil and soybean oil, have increased the year. In the first five months of the oil year 2024-25, starting in November to March, Vegoil Imports stood at 5.8 million tons, marginally below 5.83 million tones in the same period last year, according to the latest sea data.
The dependence on the import of India in case of edible oils and pulses continues to be high in the growing demand in the midst of changing dietary habits.
The import of pulses registered an increase of 46 percent to a record of $ 5.47 billion doors per year. The last prosecutor, pulse imports were $ 3.74 billion. Pulse imports recorded a strong increase of the year, since the government allowed free imports of varieties such as Tur, Urad, Peas Yellow and Chana (Desi Chikpea) to meet the national deficit and contain a duration of the increase of the year.
Fruit imports rise 11%
Pulse imports in terms of value are expected to have 6.7 million tons of duration 2024-25, compared to 4.4 million tons in the previous year.
Cotton imports in terms of value doubled to $ 1.21 billion duration 2024-25, 103 percent more than $ 0.59 billion of the previous year. Taking advantage of the lowest world prices, merchants and Indian cotton factories intensified imports of fiber crop duration the year, fountains said.
In addition, a lower domestic harvest, which fell to a low duration of three years in the 2024-25 season, helped imports. The cotton production of India is seen in a minimum of three years or 294.25 bales Lakh or 170 kg each during the current 2024-25 crop season that ends in September in the area of decrease in the area and yields.
Similarly, imports of fruits and vegetables recorded an increase of 11 percent to $ 3.26 billion of $ 2.92 billion a year ago. The increase in available income together with the growing population is feeding the demand for imported fruits such as apples, dragons fruits, avacado and tangerines, among others.
Posted on April 21, 2025
