Commodity Online
NEW DELHI : After allowing 25,000 tones of non-basmati rice exports on Wednesday, the government on Thursday also approved limited exports of edible oils.

According to a statement by the government, edible oil firms can export only in packets of 5 kg and up to a limit of 10,000 tones and can export up to Oct. 31 next year.

The move is aimed at supporting falling prices. The government had, earlier this week, imposed a 20 percent duty on imports of crude soybean oil to support local prices.

India banned edible oil exports in March for a period of one year. The country was earlier exporting small quantities of oils, mostly groundnut and rapeseed.



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