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NEW DELHI: Tesla Inc is likely to set up a factory in India if successful with imported vehicles, chief executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), according to two sources with knowledge of the matte
KUALA LUMPUR: India imported 275, 915 tonnes of palm oil from Malaysia in June, according to the latest data from an industry group.The country’s total edible oil imports last month were 969, 431 tonnes, with palm oil’s share being 61%, the Mumbai-based Solvent Extractors’ Association of India (SEA) said.
Export tax revisions will make Malaysia more competitive
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with upward bias next week, tracking the strong sentiment in the Chicago bean oil market as well as the prospect of better performance.
PETALING JAYA: The Indian government’s decision to reduce its import duty on crude palm oil (CPO) from 15% to 10% is a boon for the Malaysian palm oil industry, giving immediate relief to the smallholders, said the Malaysian Palm Oil Board (MPOB).
MUMBAI: India on Tuesday cut the base import tax on crude palm oil to 10% from 15% for three months, the government said in a statement, as the world's biggest vegetable oil buyer tries to dampen near record high prices.
SINGAPORE: Malaysian palm oil futures reversed earlier gains to fall 1% on Thursday, as top buyer India put its import tax cut plans on hold, although a weaker ringgit limited further losses.
NEW DELHI: Gold price’s slump to near a nine-month low is drawing jewellery shoppers in Asia to hunt for bargains.