India to allow duty-free imports of sunflower and soybean oils until the end of June

On May 11, the Government of India announced that duty-free imports of soybean and sunflower oils shipped before March 31 will be allowed until the end of June this year. This decision was made due to the fact that many cargoes are blocked in the country's ports due to confusion regarding the rules for importing vegetable oils, APK-Inform reports citing Reuters. Recall that at the beginning of this year. India has canceled the duty-free import quota of 2 million tons of crude sunflower and soybean oils for the current fiscal year, which began on April 1. But the decision has left about 90,000 tons of oil stuck in Indian ports, with another 180,000 tons loaded before the March 31 deadline set by the government, on the way. “Several batches of vegetable oils stuck in ports over the past few weeks can now enter the country after this clarification,” said Sunvin Group CEO Sandeep Bajoria. At the same time, the Solvent Extractors' Association of India said that the ...