Thousands of tonnes of refined palm oil are delayed or stuck at various Indian ports after the world’s biggest edible oil buyer placed restrictions on imports amid a diplomatic row with key supplier Malaysia, multiple sources toldIndia announced the curbs on imports of refined palm oil on Jan 8 in a bid to help domestic refiners raise their plant utilisation rates, according to industry officials familiar with the matter. veg oil used in everything from soap to cookies.
“Usually Customs officials allow unloading of commodities that are in transit before any change in regulation. But in the case of refined palm oil, there is some confusion and that is leading to delays.” A source in New Delhi with direct knowledge of the matter said the restrictions mean importers will need a licence to buy, a tool that could be used to deny or delay shipments from Malaysia. Another vegetable oil importer said some vessels were stuck at Kolkata port in eastern India, with some others on the west coast.
In one incident at Mangalore port on the west coast, crude palm oil was unloaded from a vessel, while refined oil was not permitted ashore, said the importer, who also declined to be named citing the sensitive nature of the situation.have been held up at Kolkata and Mangalore, nor who the buyers were.
A source in Kuala Lumpur, who requested anonymity, said the refined palm oil was from both Indonesia and Malaysia. Reuters
Got to sell away my equity in palm oil soon...
You should know she was the one that responsible for such hiccup undoubtedly!
Hi Woman, this is the way to learn lesson Orgiastically!
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