India slashes refined palm oil import duty and extends free import policy by a year. Indonesia to benefit from higher palm olein export to India in January 2021 | India import of palm olein and CPO Canba

India reduced its RBD palm oil and olein base import duty down to 12.50% from previously 17.50% and extended the free import policy on refined palm oil to December 2022 in a bid to tame the accelerating food price inflation in the country. India is the world’s largest palm buyer. This is the sixth change to edible oil import duties this year as…

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