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India may again raise import duties on vegetable oil
The Indian government, in order to support domestic producers, maybe the third time in recent months to raise import duties for palm oil, palm olein, and sunflower and cottonseed oil, according to Platts
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In this case, it is specified that the decision can be made in anticipation of the upcoming T. G. parliamentary elections in India in order to further attract voters in castgate, farmers.

Recall that the last time India raised import customs duties on palm and soya oil (30-40%) to November 2017 This led to the fact that in November of 2017, the import of palm oil in the country dropped to 100,161 thousand tons, in December – to 107,122 thousand tons.

Photo: ru.golos.ua



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Источники: Зерно Он-Лайн
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