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India: Government lowers taxes on palm oil imports

A move to mitigate costs by helping the country's refineries and consumers

The Indian government has lowered taxes on imports of crude palm oil from 7.5 to 5 percent, in a move that attempts to mitigate costs by helping the country's refineries and consumers. With the reduction, called the Agriculture Infrastructure and Development Cess (Aidc), which took effect on 13 February, the gap between the cost of already refined and crude palm oil will widen to 8.25 percent, says...

hef - 23439

EFA News - European Food Agency
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