The Hindu Business Line : Export ban hits sesame oil exporters

Kolkata, March 22 Exporters of crude sesame oil, especially in the eastern region, have been hit following the one-year ban on export of edible oils from February 17, 2008. Talking to Business Line, some city-based small exporters, fearing losses, said their consignments, contracted before the ban, were not being cleared by the Port Customs following the ban. Mr Rajkumar Beriwal of B.N. Exports, who supplies crude sesame oil to buyers in Taiwan, said the oil was not used as an edible oil in India, and hence, should be kept outside the purview of the ban.

He said some 10 full container loads of sesame oil were held up at the Kolkata ports.

The consignments are said to be valued around Rs 2 crore.

Pointing out that some of the importers were agitated over the delay in shipments, and now actually demanding the advance payments received by some exporters, Mr Beriwal sought the immediate intervention of the Union Commerce Ministry to bail out the exporters.

Crude sesame oil is sold in the international market for $2,500-2,700 per tonne (f.o.b.) in any Indian port. In the domestic market, it is sold for Rs 100-120 per litre.

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