Ritu

India suspends 39 import licenses for refined palm oil

India suspends 39 import licenses for refined palm oil
By Ritu, Capital Sands India has suspended 39 licences to import 452,303 tonnes of refined palm oil after a surge in duty-free purchases from neighbors such as Nepal and Bangladesh which are not key producers, government and trade sources. The…

Three Indian refiners cut Mideast oil imports in May

Workers walk inside the complex of the Vadinar refinery operated by Essar Oil Ltd. in Gujarat
By Ritu, Capital Sands   At least three Indian refiners have curbed oil imports from Middle East producers, including Saudi Arabia, for May because of storage constraints as local fuel demand slumped following the coronavirus outbreak, company officials said. This…