I was recently looking at few Edible Oil stocks...simply because some have fallen quite a lot and Promoters seem to be adding to their stake
Here are some details on Edible Oil Industry🧵
India is world's largest importer of edible oils
GOI has launched National Mission on Edible Oils - Oil Palm to boost domestic production
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Edible oil refers to any oil that is suitable for human consumption and is used primarily in cooking & food preparation
These oils are extracted from various plant sources such as seeds, nuts, fruits, grains, animals and marine oils
Types of Edible Oils
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Key raw materials for edible oil production include crude vegetable oil, phosphoric acid, caustic soda, bleaching earth, water, beta-carotene, antioxidants, and essential oils
Crude oils from oilseeds like coconut, cotton, soybeans, and palm are used
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India edible oil market size reached 24.7 Mn Tons in 2023
IMARC Group expects the market to reach 27.9 Mn Tons by 2032, exhibiting 1.35% CAGR during 2024-32
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Vegetable oil prices over the last 1 year
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Dependency on imports for edible oil
-About 60% of total consumption is imported
-Palm oil, constituting around 40% of consumption, is mainly imported from Indonesia/Malaysia
-Sunflower oil, about 8% of total consumption, is primarily imported from Ukraine (70%) and Russia (20%)
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Sources referred:
cloverhealth.com/en/blog/8-type…
en.wikipedia.org/wiki/Cooking_o…
isca.in/IJENS/Archive/…
imarcgroup.com/india-edible-o…
statista.com/outlook/cmo/fo…
en.wikipedia.org/wiki/Vegetable…
aei.ag/2022/07/18/veg…
nmeo.dac.gov.in/Presentations.…
spglobal.com/commodityinsig…
ourworldindata.org/grapher/vegeta…
imarcgroup.com/vegetable-oil-…
researchgate.net/figure/The-Pal…
statista.com/statistics/145…
spglobal.com/commodityinsig…
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