The reduced import rate of vegetable oils in India will remain in effect for another year

India has extended for another 12 months until March 2024 the effect of the reduced rate of duty on the import of sunflower, soybean and palm oil, as well as lentils, "Reuters" reported. Currently, the import duty on crude palm oil in India is 5.5%, while at the beginning of 2021 it was 35.75%. India has cut the rate of duty on vegetable oil imports in mid-2021 as ...