Deluge of edible oil imports hits refiners
Import of edible oils witnessed a 31.56 per cent growth in the first quarter of the oil year 2022-23 (November to October) following a surge in the import of soft oils such as sunflower oil and soyabean oil. Data from the Solvent Extractors’ Association (SEA) of India revealed that India imported 47.46 lakh tonnes (lt) […]
India’s silver imports hit record high of 9,450 tonnes in 2022
India imported 9,450 tonnes of silver in the 2022 calendar year, the country’s highest-ever annual imports. The previous high for silver imports was 8,093 tonnes in 2015. The reasons for high imports last year are multifold: Pent up demand from industry after lockdown years, restocking by jewellery and silverware fabricators, and […]
Copper demand exceeds pre-Covid levels, up 27.5% in FY22
India’s copper demand rebounded and exceeded that of the pre-pandemic period in the 2021-22 fiscal. Driven by a phenomenal rise in power infrastructure projects, construction and industrial offtake, demand increased by 27.5 per cent in 2021-22, the International Copper Association India (ICAI) said. The demand was 12.5 lakh tonnes (lt) in 2021-22, up from 9.78 lt […]