CCEA may allow edible oils export on Thursday

It may also allow export of coconut oil from all ports and through land customs stations
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First Published: Wed, Jan 23 2013. 11 50 PM IST
In view of high inflation and the shortage of edible oils in the country, their export has been banned since March 2008. Photo: Mint
In view of high inflation and the shortage of edible oils in the country, their export has been banned since March 2008. Photo: Mint
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) may on Thursday allow edible oils with a minimum export price of $1,500 per metric tonne to be sold overseas without any quantitative limit.
It may also allow the export of coconut oil from all ports and through land customs stations. In view of high inflation and the shortage of edible oils in the country, their export has been banned since March 2008. The CCEA is also expected to allow the export of edible oil from domestic tariff areas to special economic zones for the production of non-edible goods meant for export.
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First Published: Wed, Jan 23 2013. 11 50 PM IST
More Topics: CCEA | edible oil | coconut oil | export |
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