 "India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.")
India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...
India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...
 "India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.")
India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...
