<p>The government on Wednesday imposed restrictions on imports of refined palm oil.</p>.<p>According to a notification of the Directorate General of Foreign Trade (DGFT), "import policy" is amended from "free to restricted" for refined bleached deodorised palm oil and refined bleached deodorised palmolein.</p>.<p>Putting the commodity in the restricted category means an importer will require a licence for import.</p>.<p>India, the world's largest importer of vegetable oils, buys nearly 15 million tonnes annually. Of this, palm oil comprises 9 million tonnes and the rest 6 million tonnes is soybean and sunflower oil.</p>.<p>Indonesia and Malaysia are the two countries which supply palm oil.</p>.<p>Malaysia produces 19 million tonnes of palm oil in a year, while Indonesia produces 43 million tonnes, the trade data showed. </p>
<p>The government on Wednesday imposed restrictions on imports of refined palm oil.</p>.<p>According to a notification of the Directorate General of Foreign Trade (DGFT), "import policy" is amended from "free to restricted" for refined bleached deodorised palm oil and refined bleached deodorised palmolein.</p>.<p>Putting the commodity in the restricted category means an importer will require a licence for import.</p>.<p>India, the world's largest importer of vegetable oils, buys nearly 15 million tonnes annually. Of this, palm oil comprises 9 million tonnes and the rest 6 million tonnes is soybean and sunflower oil.</p>.<p>Indonesia and Malaysia are the two countries which supply palm oil.</p>.<p>Malaysia produces 19 million tonnes of palm oil in a year, while Indonesia produces 43 million tonnes, the trade data showed. </p>