Export and Import of Palm Oil

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....xport and Import of Palm Oil <br>News and Press Release<br>Dated:- 12-7-2014<br><BR>The details of total quantum and value of Palm Oil exported and imported during each of the last three years and the current year, country-wise, is at Annexure-I. Export of edible oils including Palm Oil, has been banned w.e.f. 17.03.2008. However, in view of domestic scenario, certain exemptions have been allowed....

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...., which include export of edible oils in branded consumer packs of upto 5 Kgs subject to a Minimum Export Price (MEP). The MEP, which was originally fixed at USD 1500 per MT has been reduced to USD 1100 per MT w.e.f. 30.04.2014 to boost exports in this category. To safeguard interest of domestic manufacturers/refiners of edible oils, the import duty on refined edible oils has been increased from ....

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....7.5% to 10% w.e.f. 20.01.2014 while import duty on crude edible oils remains unchanged at 2.5%. Annexure-I EXPORT OF PALM OIL(ITCHS:1511) Quantity in MT Value in Rs. Lakh Country 2011-12 2012-13 2013-14 2014-15 (Apr 2014) Quantity Value Quantity Value Quantity Value Quantity Value Singapore 8.20 11.81 1.27 4.10 5.89 15.29 -- -- Malaysia 2252.01 736.58 43.61 28.15 24....

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.....00 12.57 -- -- China P Rp -- -- -- -- 4.00 10.24 -- -- Canada 0.10 0.44 3.75 7.36 3.20 8.49 -- -- Nepal 15.43 7.72 -- -- 14.00 7.74 -- -- U S A 0.20 0.08 0.12 0.03 3.84 5.66 -- -- Australia 0.29 0.25 -- -- 3.36 3.50 -- -- Thailand -- -- -- -- 2.40 2.09 -- -- Hong Kong -- -- -- -- 0.36 0.40 -- -- Madagascar -- -- -- -- 0.1....

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....0 0.18 -- -- Others 20.92 14.50 217.60 102.85 0.12 0.08 0.14 0.16 Total 2297.14 771.36 266.34 142.49 61.27 66.24 0.14 0.16 IMPORT OF PALM OIL(ITCHS:1511) Quantity in MT Value in Rs. Crore Country 2011-12 2012-13 2013-14 2014-15 (Apr 2014) Quantity Value Quantity Value Quantity Value Quantity Value Indonesia 50,13,557.65 26,413.86 57,31,969.61 29,543.31 51....

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....,97,822.91 26,542.25 3,15,364.24 1,782.35 Malaysia 15,02,355.41 7,863.31 26,61,827.98 14,233.50 22,67,646.80 11,622.33 1,72,409.00 990.01 Thailand 39,962.00 204.30 19,921.54 89.46 1,92,683.77 957.62 11,984.00 65.93 Philippines -- -- -- -- 26,142.00 134.50 -- -- U K 6.84 0.08 11.97 0.15 13.68 0.20 -- -- Nigeria 0.23 0.01 0.11 0.00 0.40 0.00 -- -- Kor....

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....ea Rp -- -- 250.00 1.09 0.05 0.00 -- -- U S A -- -- 6,000.05 30.04 -- -- -- -- Singapore 19.90 0.16 3,750.00 17.20 -- -- -- -- Bulgaria -- -- 2,000.00 8.14 -- -- -- -- Others 9,845.20 48.00 401.95 3.24 -- -- 3.24 0.04 Total 65,65,747.23 34,529.71 84,26,133.21 43,926.14 76,84,309.60 39,256.90 4,99,760.48 2838.34 The information was given by the....

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.... Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in Lok Sabha.<BR> News - Press release - PIB....