NEW DELHI: India's palm oil imports dropped almost 10 percent in February from an all-time high in the previous month, a trade body said on Thursday, hurt by a duty hike to curb cheap imports from Southeast Asia and record stock levels.
India is the world's biggest importer of vegetable oils and leading producers Indonesia and Malaysia have been vying to make their oils more attractive by varying taxes. India retaliated with an import duty hike on crude palm oil in January.
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