refined palm oil

India raises base import price of palm oil, gold

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India raises base import price of palm oil, gold

India raised the base import prices of gold, crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer … Read more

Import tax on refined palm oil cut to 12.5% to calm prices

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Import tax on refined palm oil cut to 12.5% to calm prices

India on Monday slashed the basic import tax on refined palm oil to 12.5% from 17.5% earlier, the government said in a notification, as the world’s biggest vegetable oil buyer tries to cool near-record price rises. The tax cuts would make refined palm oil more attractive for Indian buyers than crude palm oil and boost … Read more