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Restrict refined palm oil import to 50,000 tonnes a month: Industry body

Last week government had put plam oil imports from Malaysia under restricted category following criticism by the country's Prime Minister Mahathir Mohamad

Malaysian Palm oil futures see sharpest decline in 2 weeks on bearish data
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Rajesh Bhayani Mumbai
Citing reports of the government's plan to issue licenses to state agencies for distribution under Public Distribution System (PDS) and to private organisations, the oilseeds crushing units body urged government to meaningfully restrict such imports or else it warned that the move can open floodgates for refined or RBD palm oil from Malaysia.

Last week, government had put plam oil imports from Malaysia under restricted category following criticism by the country's Prime Minister Mahathir Mohamad of India’s actions in Kashmir and on Citizenship Act. In the past few months refined oil imports from Malaysia were at 80 per cent.

The

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