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    HomeNewsBusinessEconomyIndia cuts import tax on crude palm oil to 10%

    India cuts import tax on crude palm oil to 10%

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

    Reuters
    June 29, 2021 / 22:12 IST
    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.

     

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

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