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India cuts import tax on crude palm oil to 10%

The new duty would be effective from June 30, the statement said.

June 29, 2021 / 10:12 PM IST
Source: Reuters

Source: Reuters

India on Tuesday cut import tax on crude palm oil to 10% from 15% for three months, the government said in a statement.

The new duty would be effective from June 30, the statement said.

The world's biggest importer of vegetable oils has been struggling to bring down edible oils prices, which hit record highs in May.

 



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Reuters
first published: Jun 29, 2021 10:11 pm
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