India modifies rules for refined palm oil imports

India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia. Indonesia is the world's biggest producer of palm oil, followed by Malaysia

MUMBAI: India on Monday said imports of refined palm oil could recommence after being restricted in January, although with conditions attached.

The world's biggest importer of palm oil on Monday said in a statement that importers would need to furnish pre-purchase agreements and import the commodity within six months of receiving the licence, instead of 18 months previously.