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Duty cut could lift India’s refined palm oil imports

 Duty cut could lift India’s refined palm oil imports

Higher imports of refined palm oil by India, the world’s biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia but hurt refiners in India.  New Delhi recently slashed the basic import tax on refined, bleached and deodorized (RBD) palm oil to 12.5% from 17.5% until March 2022 and allowed imports until December 2022 to cool near-record prices./GW/SNG

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