India s Palm Oil imports climb 65 in May
India, June 17 -- India's palm oil imports climbed 65% in May from a year earlier due to lower import duty and a drop in prices a leading trade body said. Palm oil imports totalled 818 149 tonnes last month including 371 060 tonnes of refined palm oil the Solvent Extractors' Association (SEA) said in a statement.India the world's biggest importer of edible oils had imported 157 832 tonnes of refined palm oil in the year-ago period.India's decision to cut duty on refined palm oil imports from Malaysia halved the spread between refined and palm oil duty structures to 5% making it lucrative for importers to buy refined products from the Southeast Asian country the SEA said.In January India cut duty on refined palm oil sourced from Malaysia to ...
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