Financial Daily from THE HINDU group of publications
Thursday, Apr 13, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 13, 2006 |
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Agri-Biz & Commodities
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Oilseeds & Edible Oil States - Tamil Nadu Plea to monitor crude palm oil refining Our Bureau
Refiners should be allowed to avail themselves of a 5 per cent duty drawback only after providing `stearin disposal certificates.'
Chennai , April 12 The Tamil Nadu Oilseeds Association has requested the Prime Minister, Dr Manmohan Singh, to scrap the duty differential between crude palm oil and refined palmolein, and to stringently monitor palm oil refiners. In a letter to the Prime Minister, the association President, Mr K. Paramasivam, has urged that crude palm oil refining should be monitored closely to ensure refiners conform to standards. The association has alleged that the refiners are passing off improperly refined and adulterated crude palm oil as palmolein. The refiners do this to take advantage of the cost difference between crude palm oil and palmolein. Refiners should be allowed to avail themselves of a 5 per cent duty drawback only after providing `stearin disposal certificates.' If the crude palm oil is not strictly in conformity with specifications it should be reclassified as `other palmolein oil' and assessed at 90 per cent on tariff value, according to the association. The samples for testing should be drawn directly from the refineries and retail outlets and analysed at the Central Research Laboratory in Mysore, which has the instrument, gas chromatograph, to detect adulterants.
Adulterated oil
According to the association such measures are warranted because of rampant sales of insufficiently refined and adulterated palm oil. It has alleged that refiners import crude palm oil and instead of converting it to refined palmolein by fully removing stearin they leave behind about 15 per cent stearin. Such oil is only RBD (refined, bleached and deodorised) palm oil. They then blend it with other cheap edible oils to give it the physical properties of palmolein-like fluidity and melting point and sell it in the market. Traditionally, crude palm oil was imported only for making vanaspati and not for refining and sales.
More Stories on : Oilseeds & Edible Oil | Tamil Nadu
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