Indian refiners cancel 1,00,000 metric tons of palm oil purchases on duty hike, price rise
- Posted on September 23, 2024
- By Business News Today
- 2 Views
Indian refiners cancel 1,00,000 metric tons of palm oil purchases on duty hike, price rise
Indian refiners have cancelled 1,00,000 metric tons of palm oil purchases for delivery between October and December. This move follows New Delhi's decision to raise import duties due to a surge in overseas prices. The cancellations may impact Malaysian palm oil prices and shift demand towards soyoil.
