India tightens curb on refined palm oil import with more conditions

India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually

India on Monday tightened the curbs on import of refined palm oil by putting more conditions for the inbound shipments of the commodity. On January 8, Directorate General of Foreign Trade (DGTF), under the commerce ministry, has imposed restrictions on imports of refined palm oil, as per which an importer have to seek a license or permission or no-objection certificate for the imports.
 

In a trade notice, the DGFT said “import of refined palm oil will be permitted subject” to certain conditions. As per new conditions, the applications for import authorisation should be accompanied with pre-purchase agreement and details of