High global cooking oil prices have ensured that the value of India’s import of edible oils – palm, soybean and sunflower – in 2024-25 oil year (November-October) rose by 22% to a record Rs 1.61 lakh crore on year, while volume of imports increased only marginally to 16.01 million tonne (MT), according to industry data released on Thursday. “While volume of imports has largely remained at the same level in the last oil year compared to 2023-24 oil year, global prices have increased by over 20% during the same period,” BV Mehta, executive director, solvent extractors association of India (SEA) told FE.