BLBG:India’s Cooking-Oil Demand to Climb to 23 Million Tons by 2020
Cooking-oil demand in India, the world’s largest palm oil importer, is poised to jump 44 percent in the next eight years as rising incomes boost sales of noodles and fried foods, a government official said.
Demand may surge to 23 million metric tons by 2020 from 16 million tons now, D. Bhalla, a joint secretary in the country’s food ministry, told an industry conference in Mumbai today.
“Imports will rise very significantly in coming years to meet this demand,” he said. The percapita consumption of edible oils in India is 13.5 kilograms, compared with the global average of about 26 kilograms, he said.
To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.net
To contact the editor responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net
