RBD palmolein

India’s refined palm oil imports jump 2.7 times in last 11 months

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India’s refined palm oil imports jump 2.7 times in last 11 months

India saw more than two-and-a-half times increase in import of refined palm oil at 17.12 lakh tonne in the last 11 months due to lower prices in Indonesia, industry body SEA said on Thursday. The country had imported 6.28 lakh tonne of refined palm oil (RBD palmolein) in the year-ago period. The oil year runs … Read more

Government cuts import duty on crude palm oil to 10%

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Government cuts import duty on crude palm oil to 10%

The government on Tuesday reduced basic customs duty on crude palm oil to 10 per cent, which will help bring down the edible oil prices in the retail market. The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10 per cent and … Read more