India, the world’s second-biggest cooking oil consumer, will consider imposing a 5 percent duty on imports of crude palm oil to shield domestic oilseed growers from cheap supplies, two government officials said.
The cabinet may also discuss raising the tariff on refined cooking oils to 10 percent from 7.5 percent tomorrow, said the officials, who declined to be identified as the plan is confidential. The government plans to review the tax on crude and refined palm oils, a food ministry official, who declined to be identified citing government policy, told reporters yesterday.
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