** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

Import of refined palm oil slumps

The import restrictions placed on refined palm oil (RBD Palmolein) has resulted in inward shipments of the commodity dipping to zero for the second consecutive month in August 2020 as against 2.57 lakh tonnes imported during the same month last year, according to trade body Solvent Extractors’ Association of India (SEA).

Since RBD Palmolein was placed under the Restricted List with effect from January 8, 2020, its imports have drastically reduced. The overall import of crude oil, however, increased and was reported at 10,502,069 tonnes compared to 9,978,952 tonnes during the same period last year, as per SEA.

Share of crude oils in overall vegetable oil imports increased to 96 per cent

Also, the share of crude oils in overall vegetable oil imports increased to 96 per cent, the highest ever from 81 per cent last year. This is helping the domestic refining industry to utilise the higher capacity, said a report. 

Disclaimer
Copyright © 2020 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us