Duty cut pushes CPO import up by 18% in Dec
January 15, 2021
Although import duty on CPO was reduced by 10%, the import duty on other soft oils remained unchanged
Although import duty on CPO was reduced by 10%, the import duty on other soft oils remained unchanged×
India imported 7,48,006 tonnes of crude palm oil in December, 2020
Our Bureau
A 10 per cent duty reduction on the import of crude palm oil (CPO) on November 27 has helped boost CPO import during December, according to the Solvent Extractors’ Association of India (SEA).
India imported 7,48,006 tonnes of CPO during December 2020 as against 6,31,824 tonnes in the corresponding period of 2019, recording a growth of 18.38 per cent.