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MarketScreener Homepage  >  Futures  >  Chicago Mercantile Exchange - Globex  >  CRUDE PALM OIL FUTURES (CPO) - CMG (ELECTRONIC)/C1       

CRUDE PALM OIL FUTURES (CPO) - CMG (ELEC

End-of-day quote. End-of-day quote Chicago Mercantile Exchange - Globex - 07/19
476.5 USD   -0.21%
07/16Malaysia keeps August crude palm oil export duty at zero percent
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07/15Malaysia to file WTO complaint on EU's palm oil curb by November
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07/12Malaysia May factory output rises 4% year-on-year, beats forecast
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Indian refiners seek higher duty on Malaysian refined palm oil imports

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06/14/2019 | 04:11am EDT

MUMBAI (Reuters) - Indian edible oil refiners have asked Prime Minister Narendra Modi to raise duty on refined palm oil imports from Malaysia to protect the local industry following a surge in inbound shipments from the South-east Asian country, a trade body said on Friday.

India is the world's biggest importer of edible oils. Its refined palm oil imports in May jumped to 371,060 tonnes from 238,479 tonnes in April, the Solvent Extractors' Association (SEA) said in a letter to Modi.

In January, India cut duty on refined palm oil sourced from Malaysia to 45% from 54% as part of a Comprehensive Economic Cooperation Agreement (CECA) signed by the two countries nearly a decade ago.

"We strongly appeal to the government to kindly scrap the CECA agreement with Malaysia with immediate effect and impose higher duty on RBD palmolein to save domestic refiners and oilseed farmers," the SEA said.

(Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu)

Stocks mentioned in the article
ChangeLast1st jan.
CRUDE PALM OIL FUTURES (CPO) - CMG (ELECTRONIC)/C1 -0.21% 476.5 End-of-day quote.-4.21%
LONDON BRENT OIL 0.45% 62.81 Delayed Quote.17.43%
WTI 0.11% 55.72 Delayed Quote.24.56%
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Latest news on CRUDE PALM OIL FUTURES (CP
07/16Malaysia keeps August crude palm oil export duty at zero percent
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07/15Malaysia to file WTO complaint on EU's palm oil curb by November
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07/04Malaysia's May exports rise 2.5% year-on-year, below forecast
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