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Palm oil may test a resistance at 3,524 ringgit per tonne, a break above which could lead to a gain to 3,610 ringgit.

MUMBAI: India has imposed an additional tax on crude palm oil imports as the world's biggest importer of vegetable oils tries to build domestic agriculture infrastructure by taxing imports, Finance Minister Nirmala Sitharaman said on Monday.

New Delhi: Consumers will have to pay more for palm oil prices this month with the imposition of the 17.5% agriculture infrastructure and development cess, as announced in Budget FY 22 on Monday, industry executives said.

MUMBAI: India slashed the basic import duty on crude palm oil (CPO) to 15% from 27.5% earlier, finance minister Nirmala Sitharaman said on Monday.

The U.K. sees trade deals with Southeast Asian countries as a top priority now that it has officially left the European Union and looks for new commercial partners under a "Global Britain" slogan.

The Solvent Extractors’ Association (SEA) of India has said that the edible oil industry was expecting the announcement of ‘National Mission on Edible Oils’ in the Budget in line with the Prime Minister’s vision of ‘Aatmanirbharata’. SEA said that disappointingly the Budget was silent on that front.

South Korea is increasing its biofuels blending mandate to 5pc (B5) by 2030, from 3pc (B3) now.

India is likely to announce a five-year plan to cut expensive vegetable oil imports worth $10 billion a year in next week’s federal budget by providing farmers with financial incentives to switch to oilseeds from grains, said three senior government officials.

PARIS: European Union soybean imports in the 2020/21 season that started last July had reached 8.76 million tonnes by Jan. 31, data published by the European Commission showed on Monday.

KUALA LUMPUR, Feb 2 - Malaysian palm oil futures slid nearly 2% on Tuesday, hit by concerns over additional tax imposed by top global vegetable oil importer India, while a steep decline in January exports also weighed on sentiment.

MUMBAI, Jan 30 (Reuters) - India slashed the base import price of crude palm oil by $36 to $1,013 per tonne, the government said in a statement late on Friday.

Jakarta. The Indonesian palm oil industry, the biggest in the world, has suffered disruption during Covid-19. Although lockdown measures in export destinations have restricted the market, the demand for palm oil has increased domestically.