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India Steps Up Palm Oil Buying as Tax Cut Spurs Restocking
Source: Bloomberg
Commodities & Raw MaterialsTax & TariffsTrade Policy & Supply ChainConsumer Demand & Retail
India's refiners are increasing palm-oil purchases after New Delhi cut import duties, replenishing low inventories ahead of the festival season. The demand pickup from the world's largest palm-oil buyer could support palm-oil prices and strengthen import flows, while lower duties may reduce domestic edible-oil costs.
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