NEW DELHI/JAKARTA: Indonesia may consider cutting the export tax on refined palm oil to offset an increase in import tariffs by leading buyer India, officials and traders said on Friday.
India on Thursday raised the import duty on refined edible oils including palm oil to 10 percent from 7.5 percent to protect local oilseed growers and refiners.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!