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).
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
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.