India curbs fit for human consumption oil import from Bangladesh by admin- Wednesday, January 9th, 2019 07:28:31 PM
Import of Soya bean Oil and Palm Oil from Bangladesh to India has nearly hampered considering September closing 12 months, after pleased 3 months, as India tightened obligation-free import of the goods from Bangladesh to shield the local millers.
Since demand for Edible Oil improved in India, import of Soya bean and Palm Oil via Indian traders from Bangladesh stood at $eighty three.80 million in July-September of the contemporary economic yr (2018-2019).
In October-December zone Indian traders imported Edible Oil really worth only $three.Eighty four million, taking the overall import to $87.Sixty four million in July-December.
Export Promotion Bureau records showed that the export of Soya bean Oil to India became $forty eight.Fifty three million in July-September of FY19 and the export of the item become simplest $0.3 million in October-December of FY19.
Export of Palm Oil to India within the first area of FY19 changed into $35.27 million however the export turned into best $three.55 million in the 2d area of FY19.