India issued a notification on Wednesday amending imports of refined palm oil to “restricted”.
India, the world’s biggest edible oil buyer, issued a notification on Wednesday amending imports of refined palm oil to “restricted”, a move that industry sources said amounted to an effective ban.
The Palm Oil Refiners Association of Malaysia said yesterday the move meant Malaysia would now have to compete on CPO sales to India, where Indonesia has traditionally been more cost competitive. Malaysia last year overtook Indonesia as India’s biggest palm oil supplier after it won a lower duty for refined palm oil imports.
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