VegOil Traders-Processors much worried on EdibleOil sector crisis
-Feel Mustard crop very big:unless Govt lends support for Meal Exports, Mustard wud be most sufferer
-Govt has placed Import Duty near Zero to ensure Victory in coming Elections
-ImportedOils cheapest so Local Oil in pressure
Suresh Nagpal:COOIT say
-Season Mustard supply likly 135 Lt but cheaper Palm SoyOil hurting Mustard demand
-Nafed wud buy but it wud help only for short time
-Mustard All supply need to be crush but big doubt
-MustardMeal Export in crisis
-Without Govt incentive:Meal Export can’t take shape
Suresh Nagpal says:
-VegOil sector needs Govt special Focus
-Nafed buy wud limit to 20% of Prdn, rest of crop wud be crush in Mills
-cheaper Soy Palm squezing MustardOil demand
-appeals Govt to immediately hike ImportDuty to place Soy PalmOil over MustardOil
-seeks Govt care on Mustard Crisis