Vanaspati producers complain buyers are getting a good deal

Financial Express reports,

In a memorandum to the finance minister P Chidambaram and the commerce minister Kamal Nath, the executive director of Indian Vanaspati Producers’ Association (IVPA) IV Mehra said, “Under the free trade agreements with Nepal and Sri Lanka vanaspati, margarine and bakery shortening are against zero duty. These are the products produced by vanaspati industry in the country. Therefore, the industry is adversely affected by cheap imports of these finished products.”