CURRENT AFFAIRS

Detailed explanation-1: -The top 3 exporters of Edible oil are India with 40,168 shipments followed by Indonesia with 35,967 and Argentina at the 3rd spot with 29,118 shipments.

Detailed explanation-2: -The country meets around 60 per cent of its domestic demand through imports. India imports palm oil from Indonesia, Malaysia and Thailand. Soyabean oil comes from Argentina and Brazil, while sunflower oil comes from Ukraine and Russia.

Detailed explanation-3: -In order to ensure availability of edible oil in the country, export of edible oil has been banned w.e.f. 17.03. 2008, which was extended from time to time.

Detailed explanation-4: -India exports most of it’s Used cooking oil and HSN Code 1518 to Malaysia, Netherlands and United Arab Emirates. The top 3 exporters of Used cooking oil and HSN Code 1518 are Indonesia with 2,824 shipments followed by Russia with 1,000 and Vietnam at the 3rd spot with 989 shipments.