However, like every other industry, you must fully understand the market before entering it. In that spirit, let’s look at different aspects of trading in these edible oils:

• Types of Edible Oils

There are countless varieties of edible oils currently traded in India. These varieties of edible oils can be broadly classified into the following two categories:

• Vegetable oils like corn oils, sunflower oil, canola oil, soybean oil, etc.
• Others like olive oil, canola oil, sunflower oil, coconut oil, palm oil, sesame oil, peanut oil, avocado oil, grapeseed oil, flaxseed oil, and walnut oil.

Uses

One of the most common reasons for trading in edible oils is to market them as customer products meant to be used in households. However, that is far from their only use, and they found several applications in industries like:

• Food and Beverage Industry
• Cosmetics industry
• Personal Care Industry
• Animal Feed and Livestock Industry
• Biodiesel Production
• Physiological therapies

Apart from this, there are many other uses as well – for example, as an eco-friendly lubricant for machinery and equipment, in textile and leather processes, in producing candles, and for industrial cleaning and maintenance. Please note that not all edible oils can be used for all purposes, and one must determine the usability of each and every edible oil.

• Quality Considerations

You must also pay attention to the quality of the edible oil you are buying. It might have to meet the regularity requirements of the market it is entering, and thus, you may have to check the quality assurance provided. That particularly applies to the edible oils used to make vitamin supplements and other healthcare products.

Another quality consideration is whether the product in question is organic, as many people and businesses prefer only organic products.

• Logistics Considerations

Edible oils are fluid and may easily get spoiled when exposed to natural elements. That creates many logistic challenges pertaining to their storage and transportation in a way that should maximize their life. Moreover, the modern dynamic business environment might also create logistics challenges for traders as the world they move in is constantly changing.

• Finding a Good Edible Oil Partner

Lastly, it would be best if you also found a good edible oil trading partner. A good trading partner is one who not only trades ethically but also has the proficiency that makes trade profitable to their partners.