Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/01/2020
Policy Category
Trade
Policy Instrument
Import policy
Description
Concerned about the adverse impact of refined vegetable oil imports on the domestic processing industry, the Government placed refined palm oil and palm olein on the list of goods requiring special import licences.
Notes
INDIA import policy: In January, concerned about the adverse effect of recent adjustments in the countrys palm oil duty structure on domestic oil refiners (see MPPU Sep.19 & Jan.20), the Government placed refined palm oil and palm olein on the list of goods requiring special import licences. Maintaining that the restriction was the equivalent of an import ban, traders anticipated a rise in the countrys imports of crude palm oil a development expected to alter the competitive position of Malaysia (Indias main supplier of refined palm oil) and Indonesia (Indias main source for crude palm oil).