 "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 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 ...
