India steps up palm oil buying as tax cut spurs restocking
· economictimes.indiatimes.com
India is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm oil have been bought recently as inventories run low. The government cut taxes on edible oil imports, adding urgency to the purchases. This buying activity is crucial ahead of the Diwali festival and the wedding season.
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