Olive oil and Olive Pomace oil imports to India rose 66% in 2012-13 to 11,916.8 metric tonnes (MT) compared to 7163 MT in 2011-12.
With a growth of 66%, India is ranked No. 1 in the world for olive oil import growth. Data for the last six months of the last fiscal (October, 2012 - March, 2013) shows India outstripping Japan placed at No.2 with 29%, China at No.3 with 17% and Brazil at No.4 with 16%.
The growth rate comes despite a price increase of more than 40% during last year in producer countries.
With a growth of 66%, India is ranked No. 1 in the world for olive oil import growth. Data for the last six months of the last fiscal (October, 2012 - March, 2013) shows India outstripping Japan placed at No.2 with 29%, China at No.3 with 17% and Brazil at No.4 with 16%.
The growth rate comes despite a price increase of more than 40% during last year in producer countries.
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