India gives licences for importing 5 lakh tonnes refined palm oil from 3 countries

PTI, Feb 21, 2020, 1:35 PM IST

New Delhi: India has issued about 70 licences for importing about 5 lakh tonnes of refined palm oil from three countries – Nepal, Indonesia and Bangladesh, sources said.

On January 8, the government had imposed restrictions on imports of refined palm oil.

The Directorate General of Foreign Trade has issued about 60-70 import licences to import about 5 lakh tonnes of refined palm oil, sources said.

The licences will be valid for a period of 18 months only.

During April-December this fiscal, India imported about 23 lakh tonnes of refined palm oil, or about 2.5 lakh tonnes every month.

India is the world’s largest importer of vegetable oils and buys nearly 15 million tonnes annually. Of this, palm oil comprises 9 million tonnes, while the remaining 6 million tonnes is soybean and sunflower oil.

Indonesia and Malaysia are the two countries which supply palm oil.

Malaysia produces 19 million tonnes of palm oil in a year, while Indonesia produces 43 million tonnes, as per trade data.

The government’s move to put restrictions on import of refined palm oil came in the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue.

ಓಂ ಶ್ರೀ ಸಾಯಿ ಜ್ಯೋತಿಷ್ಯಾಲಯ
South Canara’s Famous Asrologer
Family issue, ಮದುವೆಯಲ್ಲಿ ವಿಘ್ನ, ಸತಿ-ಪತಿ ಕಲಹ, Court Case, ವಶೀಕರಣ, Love problems, ಸದಾ ಕುಟುಂಬದಲ್ಲಿ ಕಲಹ, Money problem, ಕೆಲಸದಲ್ಲಿ ಕಿರಿಕಿರಿ, ಮಕ್ಕಳ ಸಮಸ್ಯೆ, ವ್ಯಾಪಾರದಲ್ಲಿ ಅಡೆ-ತಡೆ, Loan Issue, ನಿಮ್ಮ ಯಾವುದೇ ಸಮಸ್ಯೆಗೆ 3 ದಿನಗಳಲ್ಲಿ ಶಾಶ್ವತ ಪರಿಹಾರ.
ಹೊಟೇಲ್ ದುರ್ಗಾ ಇಂಟರ್ ನ್ಯಾಶನಲ್, ರೂಂ. ನಂ. 310, 3ನೇ ಮಹಡಿ, ಸಿಟಿ ಬಸ್ ಸ್ಟ್ಯಾಂಡ್ ಹತ್ತಿರ, ಉಡುಪಿ
ಪಂಡಿತ್ ಸಾಯಿನಾಥ್ ಜೋಶಿ : Ph- 98449-44242

Related Articles

Latest Additions