India slashes import tax on crude palm oil from 37.5% to 27.5%
India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia
- Nov 26, 2020,
- Updated Nov 26, 2020 6:47 PM IST
India on Thursday slashed import tax on crude palm oil to 27.5% from 37.5%, the government said in a statement, as New Delhi tries to bring down rising food prices.
India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
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India on Thursday slashed import tax on crude palm oil to 27.5% from 37.5%, the government said in a statement, as New Delhi tries to bring down rising food prices.
India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
Also Read: Tata Motors share rises 3% after CLSA retains buy call
Also Read: Oxford-AstraZeneca's vaccine shows 70% efficacy against coronavirus