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The Solvent Extractors' Association has asked the Indian government to raise import duties on refined palm oil from Malaysia after a surge in shipments from Southeast Asia. A palm oil expert says the current 45% duty is unlikely to change because of the Comprehensive Economic Cooperation Agreement between India and Malaysia.
The association's request was made by industry, not the government.
A higher Indian duty would cut import demand for Malaysian refined palm oil, which India takes in large volumes. The request is unlikely to be granted given the trade agreement, so the price effect is limited.
malaymail.com24 de jul. de 2019Após 67 eventos neutro de comércio passados, Óleo de palma subiu em mediana +0,0% em 5 sessões (51% de alta; metade central de -1,1% a +1,3%), e +0,6% em 20.
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