Govt suspends 39 import licenses for refined palmolein after surge in duty-free imports in Nepal, Bangladesh: Report
India, the world’s biggest importer of edible oil, put refined palm oil and palmolein on a list of restricted items on 8 January, although New Delhi later issued licences to import more than 1.1 million tonnes of refined palmolein.
Palmolein import curbs: 'Can we just renegotiate?' asks Malaysian lawmaker keen to mend ties with India on edible oil
India is the world's biggest palm oil importer but its purchases from Malaysia, the second-biggest palm exporter behind Indonesia
The second biggest buyer of Malaysian palm oil, China, bought just 2.4 million tonnes last year, while the third largest buyer was Pakistan with 1.08 million tonnes, according to data from the Malaysian Palm Oil Council.
Edible oil industry body demands cap on import of refined palm oil to protect local refiners, farmers
Last week, the government had imposed restrictions on imports of refined palm oil and palmolein in the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue.
Govt puts restrictions on import of refined palm oil; shipment from Malaysia likely to be hit, no curbs on Indonesia
Malaysia produces 19 million tonne of palm oil in a year, while Indonesia produces 43 million tonne, the trade data showed.
Solvent extractors association asks to hike import duty on Malaysian refined palm oil to safeguard domestic farmers
Expressing concern over Malaysian palm oil flooding Indian markets, edible oil trade body SEA on Friday asked Prime Minister Narendra Modi to hike import duty on palm oil being purchased from the South-east Asian country, to safeguard domestic oilseed farmers
While India is the world's largest sugar producer with a huge quantity of exportable surplus, Indonesia is a major producer of edible oils, particularly palm.