The federal government of India raised import duties on palm oil
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: in order to protect the interests of oilseed farmers and consumers, the federal government of India raised the import tariff of palm oil on Tuesday, but revised the benchmark price used to calculate the tariff, according to industry representatives They said the tariff hike was intended to help growers who will harvest a huge crop of mustard seeds, and that cutting the benchmark price would reduce the impact on consumers The government raised import tariffs on crude palm oil from 65% to 80% and refined palm oil from 75% to 90%
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