Top Menu

Market Research
Search India Import/Export data to understand your markets and monitor your competition.

20+ Country Market Analysis Report

Export Import Market Report

demo

Find Sales Prospects
Instantly generate lists of potential customers based on trade activity.

Find Sales Prospects

Instantly generate lists of potential customers based on trade activity.

Request Sample Data

Evaluate Suppliers
Search for new suppliers, monitor existing ones and keep track of trends.

Access the world's largest and most comprehensive database of International trade. Whether you are looking to generate leads locally or expand your business globally, TRADE GENIUS has what your business needs.

SL2
DATA FROM 30+ COUNTRIES
Import and Export data from Globally, USA, UK, RUSSIA, and CHINA
SL2
Market Analysis Report
Based on Global Import Export Data
SL2
60,000,000+ SHIPMENTS
Records include product details, FOB values, HTS codes, and much more.
demo
Monitor Competitors
Tailor a solution specific to your industry, with deep expertise in Chemicals, Transportation, and more.
contact

Mail us: info@tradegeniusindia.com

Government removed ban on export of edible oil in bulk after nine years

TH31 B EDIBLE OILAfter a period of nine years, the bulk export of few selected edible oils has been allowed by the Indian Government.

On Monday the office of the Director General of Foreign Trade had released a notification and announced that “Exports of sesame oil, groundnut oil, soybean oil and maize (corn) oil in bulk, regardless of any package size, has been exempted from the prohibition on export of edible oil.”

The ban which was continuing from last 9 years on their exports has been removed. Till now only in consumer packs of not more than five kilograms the export of some edible oils was allowed. This should mean to pay more for the oilseeds better realization for producers, improving their capability. In turn, this move could encourage farmers to sow for more oil seeds.

To meet around 60% of the annual oil demand of 24 million tonnes, India imports more than 14 million tonnes of edible oil annually. As traders can now sell in larger quantities especially the non-genetically modified oil, so the industry has welcomed this move.

From March 17, 2008 initially the bulk export of edible oil was banned and every year the ban was extended. Till the next orders were given In October 2012 this ban was extended. a bumper oilseed crop has been expected by India this year.

Need Market Analysis Report? Call us at : +91-8130246989 or Mail to info@tradegeniusindia.com Sample Data on Request
Hello. Add your message here.