India plans to hike edible oil import taxes to boost local supply, sources say

The tax hike could curb the world's biggest vegetable oils importer's purchases and weigh on Malaysian palm oil, along with soy and sunflower oil prices, while propping up local prices of oilseeds such as rapeseed, soybean and ground nut.

from News-Economic Times https://ift.tt/3f7iZDT