India's population grows by 22 million people in the year

India, the world's largest importer of edible oils, will import 2016/17 estimated by market insiders to 14.9 million tonnes in the marketing year. There were 14.5 and 14.6 million tons in fiscal year 2015/16. This year the crop of oilseeds in India turned out very well, according to the solvent Extractor Association of India. Continued population growth by an average of 22 million people a year ensures that edible oil consumption to 5% increase in the year.
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