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India edible oil warning as SEA backs Modi to cut consumption amid costly import spiral
Economy
Published on 11 May 2026
Nearly 60% of edible oil still comes from imports
The Solvent Extractors’ Association of India (SEA) has backed Prime Minister Narendra Modi’s call to cut edible oil consumption, warning that rising imports are draining foreign exchange and leaving India exposed to global shocks. SEA says India imports nearly 60% of its edible oil needs and spent about Rs 1.61 lakh crore on imports in 2024-25, with West Asia tensions, El Nino and tighter global supplies likely to push costs higher.
- SEA supports Modi’s push to reduce edible oil consumption to cut import reliance
- Nearly 60% of India’s edible oil is imported, costing about Rs 1.61 lakh crore in 2024-25
- West Asia conflict and El Nino risks could lift import prices and inflation pressure
- Tightening global vegetable oil supplies may further worsen the cost outlook
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times