Under mentioned chart would give a picture about the consumption trend of various oils and fats in the country since 2001 to 2008, which would show that consumption of palm oil has been increased substantially during the recent years surpassing refined soyabean oil, which was dominating the market for decades and traditionally preferred mustard oil. Although the consumption of palm oil declined in 2007 due to substantial high price of the same in the local market in pace with the international market, it is again on increasing trend in 2008.   

Source: Oil World Annual 2009

Bar chart on import trend of major 3 edible oils in the country during 2001 to 2008 establishes that import of palm oil being increased steadily since 2001 compared to other two major edible oils consumed in the country. Although import of palm oil decreased in 2007 compared to 2006, but it picked up again in 2008 when the import of palm oil increased by about 40% compared to 2007.

Source: MPOC Market Intelligence

Note:

                     1. Rape/Mustard oil figures are Oil Equivalent of total imported rape/mustard seeds @ 38% oil extraction rate.

                     2. Soyabean oil figures include the oil imported in crude form and crude soyabean oil obtained locally from

                         imported soyabean @ 18% oil extraction.