date:Jan 31, 2013
ndia raised the base import price of crude palm oil by nearly 80 per cent to $802 per tonne, as part of efforts to curb overseas purchases and protect domestic oilseed farmers.
India has slapped a 2.5 per cent import duty on crude edible oils to stem overseas purchases by the world's top vegetable oil buyer.
The upward revision in palm oil import duty is making overseas purchases costlier and supporting all edible oils, Reddy said.