OFI India

Thank you to everyone who attended OFI India 2017

OFI India attracted over 800 attendees and encompassed an exhibition of suppliers to the oils and fats industry as well as a Smart Short Course technical programme. Topics covered included 'Global sunflowerseed and oil production', 'India's role in world imports' and 'rice bran oil - growth story'. The presentations from the conference are available to download hereSergey Feofilov, general director of UkrAgroConsult, congratulated OFI on “an excellent and well organised show.”




India is a US$2tr economy, with GDP is growing at more than 7% and a population of over 1.2bn people.

It is the world’s largest edible oil importer, with an oil and oilseed turnover of US$25bn and import-export turnover of some US$13bn.

India’s demand for edible oils is some 21M tonnes/year. It meets this with domestic production of some 7-8M tonnes and imports of 14-15M tonnes – some 70% of the country’s requirements – valued at over US$12bn.

The country’s edible oil imports have soared by almost 50% in the last five years, with imports of palm oil growing by 25% and soya oil jumping by 300%.

India’s consumption growth is pegged at 5%/year and the country is expected to be consuming around 34M tonnes of edible oil by 2025, with a projected vegetable oil imports bill of US$25bn.

Increases in the population and lifestyle changes are driving a rise in edible oil consumption, meaning interest is strong in this growing market. 

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