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India bans all edible oil exports for a year

NEW DELHI: India has banned exports of all cooking oils for a year to improve domestic supplies, a commerce ministry statement said, adding the curbs came into effect on Monday.

India exports some cooking oils like groundnut in small quantities, and is one of the world's leading edible oil buyers. The statement dated March 17 was issued by the Directorate General of Foreign Trade, an arm of the commerce ministry.

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