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

CPO (CPO) - CMG (ELECTRONIC)/C1

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India cuts import tax on crude palm oil to 27.5% from 37.5% - government

11/26/2020 | 07:07am EST
FILE PHOTO: A palm oil seed is seen at a plantation in Pulau Carey

MUMBAI (Reuters) - India on Thursday slashed import tax on crude palm oil to 27.5% from 37.5%, the government said in a statement, as New Delhi tries to bring down rising food prices.

India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

(Reporting by Rajendra Jadhav; Editing by Toby Chopra)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 -0.03% 869.5 End-of-day quote.2.60%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
WTI -1.77% 52.063 Delayed Quote.10.00%
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