palm oil factory
NEW DELHI: Indian refiners of edible oils urged the government on Tuesday to stop issuing import licenses for palmolein to help avoid a crash in domestic prices of rapeseed.
India is the world's biggest importer of palm oil, an alternative ingredient to rapeseed oil in food. In a surprise move last week the government issued import licences for 1.1 million tonnes of refined palmolein from Indonesia, weeks after curbing overseas purchases of the commodity.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
