Dalmia cites India’s growing demand for olive oil

Indian Olive Association President VN Dalmia has announced that the country’s olive oil import volumes are expected to reach 10,000 tons this financial year, representing a jump of nearly 45% over the previous year. The surge in imports comes on the back of strong growth in consumption of olive oil in major Indian cities such as New Delhi and Hyderabad, he noted. In the 2011-12 financial year, the total import volume of olive oil in India stood at 6,900 tons, about 80% of which came from Spain and Italy. For the April-June quarter in 2012, the imports were 2,300 tons, which gave rise to optimism about the growing demand for olive oil.