India's edible oil industry displeased over so-called bargaining with Indonesia

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Mumbai, Ta. 13 September 2019, Friday

Indonesia, which exports raw sugar from India, is facing concerns over reports from Indonesia that India will reduce import duty on refined, bleached and deodorized Palmoline oil imported from Indonesia.

There has been no clarification from the Indian Ministry of Commerce regarding the report, which was published in Indonesia. However, this report has spread to the sugar industry. There is government regulation on sugar prices and sales in India and why India has to deal with excessive supply of sugar. With the new sugar crushing season beginning in October, an opening stock of 1.5 million tonnes of sugar has been seen, which is sufficient for the demand of the country's six months of sugar.

The import duty on RBD coming from Malaysia is 5% while Indonesia's RBD is charged 8%. Both of these are major oil producing countries. In order to provide support to Indian farmers, five percent of the Safeguard duty was imposed on Malaysia's RBD only last year. Indonesia's report is seeking clarification from the Solvent Extractors' Association (C).

Since the refining capacity in India is sufficient, the import of refined oil is opposed by C. C represents the country's edible oil mills and refining units. Imports of RBD Palmoline from Malaysia increased by 5% in the first six months of the year due to a gain of five percent.

India's sugar mills cannot export sugar to Indonesia. The reason behind this is because of the quality that Indian mills cannot provide. Indonesia is the largest importer of raw sugar in the world.

According to a report published in Indonesia, the government there is ready to ease the standard for sugar quality while India will have to reduce the import duty on edible oils, sources said.

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