MALAYSIAN palm oil refineries will be able to compete on a “better playing field” with other oil seeds in India following the Indian government's decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.
Last week, India slashed the custom duty on RBD palm oil and palm olein from 85% to 70% as well as abolished the 4% special additional duty (SAD) imposed on these items.
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