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Business Standard

India cuts import tax on crude palm oil to 27.5% as food prices rise

India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

Topics
Crude Palm Oil | Palm oil imports | Import tax

Agencies  |  New Delhi 

Crude palm oil
India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

The government on Thursday the import tax on crude palm oil to 27.5 per cent from 37.5 per cent, aiming to bring down rising food prices with the measure.

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Read our full coverage on Crude Palm Oil

First Published: Thu, November 26 2020. 19:51 IST

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