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Olive oil imports likely to rise 20% in 2016-17

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India’s olive oil imports are expected to rise 20 per cent to 13,500 tonnes this financial year, on the back of rising demand in large conurbations, a top Indian Olive Association official said.

The country had imported 11,106 tonnes of olive oil, 65 per cent of which is sourced from Spain, in 2015-16.

“Imports have been encouraging so far and we are hopeful the total imports during the year would rise by 20 per cent to 13,500 tonnes,” Indian Olive Association spokesman said.