Top Buyer India Extends Low Edible Oil Import Duty to Cap Prices
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Photo By Agrihunt
India, the world’s top edible oil importer, allowed traders to buy crude palm, soybean and sunflower oils at low duties for another year in a move that may sustain overseas purchases and cap prices before elections.
Traders and processors will benefit from a zero base import tax until the end of March next year, according to a finance ministry notification. However, they still pay other levies, such as agriculture and social……
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