Palm oil imports could jump to 4-year high on lower prices: Industry official
India’s palm oil imports could jump 16% in 2022-23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to Covid-led lockdowns, a senior industry official told Reuters on Tuesday.Higher purchases by the world’s biggest importer of vegetable oilscould lend further support to palm oil […]
DGFT extends ban on palm oil imports through Kerala ports
The Director-General of Foreign Trade (DGFT) has extended the ban on palm oil imports through Kerala ports until further orders. It has also extended import duty waiver on refined palm oil and palmolein oil. Both the duty waiver and the ban on imports at Kerala ports were to end on December 31. The Government banned […]