Indonesia asks India to cut palm oil tariffs

Malaysian palm oil futures fell over 1 percent on Friday, recording a fifth session of declines in six, tracking weakness in soyoil on the U.S. Chicago Board of Trade (CBOT).

In exchange, it offers market access for Indian sugar

JAKARTA: Indonesia has asked India to cut its tariff on refined palm oil to 45%, matching the levy faced by rival producer Malaysia, and has offered market access for Indian sugar in exchange, the trade ministry said on Saturday.