MARKET DEVELOPMENT
India to cut palm oil duty again as imports rise - Mistry
India to cut palm oil duty again as imports rise - Mistry
14/3/07 KUALA LUMPUR (Reuters) - There is a strong possibility India may cut palm oil duties again in May as India's imports of the commodity rise, Dorab Mistry, a leading palm oil analyst, said on Wednesday.
Mistry, director of London-based Godrej International Ltd., also said India's palm oil imports could rise to 4.6 million tonnes this year from 3.3 million tonnes last year.