Olive oil imports up by 66% to nearly 12,000 tonne in FY13

Indian olive oil imports rose by 66% to 11,916 tonnes in 2012-13 despite rise in global prices, an industry body said on Tuesday. “India imported 11,916.76 tonnes in the year ending March 2013 as compared to 7,163.08 tonnes in March 2012, producing a never-before-seen increase of 66.36%,” the Indian Olive Association said in a statement.