Tuesday, July 24, 2012

India tax change to hit Indonesia’s refined palm oil exports

INDONESIA, the world?s largest producer of edible palm oil, is likely to suffer a drop in exports after its top buyer India has effectively doubled the import duty on the refined product. India, which imports more than half of its annual vegetable oil consumption of about 16m tonnes, ended...

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Source: http://www.lloydslist.com/ll/sector/tankers/article403526.ece

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