date:Jul 16, 2013
ed oil have increased their purchases from Indonesia and Malaysia, further putting pressure on local refiners.
According to the Solvent Extractors' Association of India, imports of refined palm oil from Indonesia and Malaysia by bulk consumers increased by 16% to 1.25 million metric tons in the first seven months of this marketing year.
According to a senior food ministry official, Indian government will likely raise the import tax on refined products by 2.5 percentage points within a month, r