Centre imposes curbs on import of desiccated coconut powder

Gordon B. Johnson

  On the lines of import limitations on pepper, the Centre has appear to the aid of the coconut market by putting limitations on the import of desiccated coconut powder. In accordance to a notification issued by the Commerce Ministry, desiccated coconut powder imports with CIF worth of ₹150 and […]

 

On the lines of import limitations on pepper, the Centre has appear to the aid of the coconut market by putting limitations on the import of desiccated coconut powder.

In accordance to a notification issued by the Commerce Ministry, desiccated coconut powder imports with CIF worth of ₹150 and earlier mentioned per kg is free, even though shipments priced a lot less are prohibited with outcome from January one.

The governing administration determination comes on a request made by the Coconut Advancement Board to protect the domestic market, which has been on the verge of closure due to the fact of big-scale imports of desiccated coconut powder.

Formal resources informed BusinessLine that the governing administration had sought the sights of the Board in the wake of unbridled imports, specially from Sri Lanka, at extremely minimal costs on account of high domestic charges of raw coconuts.

 

Nil import responsibility

Desiccated coconut powder shipments in bulk portions have been coming beneath SAFTA with nil import responsibility. The Sri Lankan powder in the domestic marketplace is pegged at all over ₹100 per kg, even though the domestic price is hovering in the range of ₹120-one hundred thirty per kg. There was a time when India exported a lot more than 5,000 tonnes and the trend has now reversed.

There ended up also reports that desiccated coconut is currently being imported, disguised as animal feed, coconut oil cake and copra oil cake. It is used in sweets, biscuits, confectionery, and curry and so on.

India is a important producer of coconut globally and desiccated coconut has evolved as a important worth-added products, providing work to a lot more than one lakh men and women. There are about a hundred and fifty models in Karnataka, Kerala and Tamil Nadu.

Desiccated coconut is the most significant market after coconut oil and it was in growth trajectory till not long ago following the upgradation of the processing capabilities of factories.

Having said that, uncontrolled imports have place the domestic sector in dire straits.

There are also reports that imported products and solutions are currently being blended with regional brands, which hurts the regional suppliers and their products and solutions. The imports have also led to decline in domestic charges of raw coconut.

Next Post

DoJ Blames China's People's Liberation Army

Add to favorites Equifax’s “antiquated” IT devices designed the hack easy… The United States Section of Justice (DoJ) has indicted four members of China’s People’s Liberation Army (PLA) for the 2017 day hacking of credit history reporting company Equifax — an incident which led to the exposure of personal facts […]