Vegetable oil imports decline 9% in November

Import of vegetable oilsNSE 3.45 % during November 2018 is reported at 1,133,893 tons compared to 1,248,810 tons in November, 2017, a decline of 9%, according to data compiled by the Solvent Extractors’ Association of India (SEA). 

India had signed a comprehensive Economic Cooperation Agreement (MICECA) with Malaysia on 27thOctober, 2010. As per provisions of MICECA Agreement Between India and Malaysia for MFN tariff, import duty on CPO and refined Palm Oil and others will gradually redu .. 

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