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India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers.
The move comes as New Delhi has been struggling to contain rising prices of edible oils.
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India has cut its tax on crude palm oil imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity...
India's palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a...