date:Aug 13, 2018
The rising share of vegetable oil import from neighboring countries, which are not known to produce any, has irked edible oil producers.
Over the past two months, soft oil (soybean, sunflower and rapeseed/mustard) is being imported in large quantity from Bangladesh, Sri Lanka, Nepal and Bhutan at zero duty under the South Asian Free Trade Area (Safta). This is in contrast to the traditional import of palm oil (crude palm oil or CPO and refined oil or RBD) directly from Indonesia and Malaysia.