Lower palm oil imports expected from India

High CPO prices among the reasons, says MPOC

PETALING JAYA: The Malaysian Palm Oil Council (MPOC) expects palm oil imports from India to be 5% lower at 8.2 million tonnes this year due to the high crude palm oil (CPO) prices and potentially higher domestic oilseeds production.

India’s current edible oils import duty structure also favours crude soybean oil, which is imposed with a lower import duty of 5.5% compared with 8.25% for CPO and 13.75% for refined palm oil.