SEA urges policy push on domestic oilseeds as West Asia crisis lifts edible oil import costs
Solvent Extractors' Association of India warns rising freight, insurance and a weaker rupee are inflating a Rs 1.61 lakh crore import bill. With India dependent on imports for 60% of edible oil needs (16 mt), SEA seeks modern farming push, freight support and working capital aid; FY26 domestic oilseed output pegged at 409.98 lakh tonnes.
SEA urges policy support amid West Asia crisis, citing rising freight, insurance and rupee-driven import costs. Calls for boosting domestic oilseed output, modern farming, freight support and working capital aid as India imports 60% of edible oil needs.
Why this matters
SEA's policy push follows signals of FY26 edible oil imports climbing 3% to 166.51 LT, with Nepal duty-free refined oil inflows surging 113%, intensifying pressure to cut import dependence.
Retail-brand signals steady at 407 over the past 90 days.