date:Dec 23, 2013
de oils which are then refined for the domestic market. But cheaper imports of refined palm oil are keeping local refining capacity idle.
Going by the current trend it seems imports of RBD (refined, bleached and deodorised) palm oil will be nearly half of total palm oil imports (in 2013/14), Nitesh Shahra, president of the refinery division of Ruchi Soya told Reuters on Friday.
Indonesia has been selling RBD palm oil at a discount of $20 to $25 per tonne over crude palm oil and could offer hig