Warehousing regulator registers 1st liquid storage for palm oil in Gujarat

The Warehousing Development and Regulatory Authority has registered its first warehouse handling liquid cargoes at Gandhidham in Gujarat, facilitating delivery of palm oils via futures exchanges. The oil storage tanks, owned by Yamada Logistics Pvt Ltd, were registered by the warehousing watchdog earlier this month. The two units, which have a capacity to store 350 tonne each of crude palm oil and refined, bleached and deodorised palmolein, have been accredited by the Multi Commodity Exchange of India as delivery centres.