Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

SEA urges members to operate units, continue dispatches.


Date: 31-03-2020
Subject: SEA urges members to operate units, continue dispatches
The Solvent Extractors Association of India (SEA) has urged its members to try and run its units and continue dispatches in the wake of the shortage caused by the outbreak of Covid-19. Atul Chaturvedi, president, SEA, said that edible oil is an essential commodity and its supply cannot be disrupted as it can have huge repercussions in the country. “As far as possible, we should try to run our factories continue dispatches.” SEA has around 800 members.

The Solvent Extractors Association of India (SEA) has urged its members to try and run its units and continue dispatches in the wake of the shortage caused by the outbreak of Covid-19. Atul Chaturvedi, president, SEA, said that edible oil is an essential commodity and its supply cannot be disrupted as it can have huge repercussions in the country. “As far as possible, we should try to run our factories continue dispatches.” SEA has around 800 members.

BV Mehta, executive director, SEA, said that the country’s monthly consumption is to the tune of 19-20 lakh tonne per month. However, due to the lockdown there has been a sharp drop in demand from hotels, restaurants and canteens. The supply could be 15 lakh tonne and therefore, the association has appealed to its members to start factories and ensure the supply of edible oil, he said.

India’s total demand for edible oil is around 230 lakh tonne annually, which is largely being met through imports. The country imports palm oil from Malaysia and Indonesia, while shipments of soyabean come from Argentina and Brazil. India’s vegetable oil imports increased 3.5% to 155.5 lakh tonne in 2018-19 marketing year (November-October).

The import of vegetable oils during February 2020 has dropped 10.5% to 1,112,478 tonne, against 1,242,533 tonne in February 2019, consisting 1,089,661 tonne of edible oils and 22,817 tonne of non-edible oils. The overall import of vegetable oils during November 2019 and February 2020 is reported at 4,563,791 tonne compared to 4,862,849 tonne, i.e, a drop of 6.1%. Data complied by the SEA on the import vegetable oils (edible & non-edible) for February 2020 reveals that in view of the placing RBD palmolein under restricted list from January 8, 2020, its import has drastically reduced in February 2020 at 33,677 tonne. Import of crude sunflower and crude soyabean oil in contrast has sharply increased as spread between palm oil and soft oils reduced to nearly $75 to 80 per tonne, encouraging larger import of soft oils.

Indonesia is a major supplier of crude palm oil and refined palmolein at 21.08 lakh tonne. Malaysia, Ukraine and Russia are major suppliers of sunflower oil, while Argentina is the major supplier of soyabean oil to India.

Mehta said imports of vegetable oils (comprising edible and non edible oil), too, have slowed down but there was no concern about availability. “We have sufficient stock of imported oil. Local production of mustard oil is happening. Harvesting of mustard crop is going on in Rajasthan and Madhya Pradesh, so all local processing mills are operating.”

Source:- financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 02-12-2020
Notification No. 43/2020-CUSTOMS (ADD)
Seeks to impose provisional anti-dumping duty on imports of Toluene Di-isocyanate (TDI) having isomer content in the ratio of 80:20, originating in or exported from European Union, Saudi Arabia, Chinese Taipei and UAE, for a period of six months.

Date: 01-12-2020
Notification No. 42/2020 -Customs (ADD)
Seeks to amend notification No. 21/2016-Customs (ADD) dated 31st May, 2016 to extend the levy of Anti-Dumping duty on Methylene chloride originating in or exported from China PR, up to and inclusive of 31st Jan, 2021.

Date: 01-12-2020
Notification No. 90/2020 – Central Tax
Seeks to make amendment to Notification no. 12/2017- Central Tax dated 28.06.2017.

Date: 01-12-2020
PUBLIC NOTICE NO. 31/2015-2020
Enlistment as designated port in Para 2.54(d)(iv) of Handbook of Procedure, 2015-2020

Date: 29-11-2020
Notification No. 89/2020 – Central Tax
Seeks to waive penalty payable for noncompliance of the provisions of notification No.14/2020 – Central Tax, dated the 21st March, 2020.

Date: 27-11-2020
Notification No. 109/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 27-11-2020
Circular No. 52/2020-Customs
Exports of Gems and Jewellery through Courier mode - reg.

Date: 27-11-2020
Notification No. 40/2020-Customs (ADD)
Seeks to impose Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR for a period of 5 years, in pursuance of sunset review final findings issued by DGTR

Date: 27-11-2020
Notification No. 41/2020 -Customs (ADD)
Seeks to further amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the January 31, 2021

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001