NEW DELHI, Jan 31 (Reuters) - India has allowed overseas
sale of edible oils without any volume restrictions, Commerce
Minister Anand Sharma said on Thursday, a move taken to cater to
the small expatriate appetite for cooking oils.
The minimum export price of these will be $1,500 per tonne,
the minister added.
The latest decision will pave the way for exports of cooking
oils such as groundnut and sesame, but other oils, including
coconut and sunflower, are currently selling below that level.
India, the world's top importer of vegetable oils, generally
prohibits exports of edible oils, but last year had allowed
overseas sales of cooking oils in small packs of up to 5 kg with
a limit of 20,000 tonnes.
The sale of cooking oils in branded small packs has been
allowed until Sept. 30, 2013.
(Reporting by Nigam Prusty; Editing by Jo Winterbottom)