Malaysian Palm Oil Futures Rise on India’s Concessional Duty Extension
Malaysian Palm Oil Futures Rise on India On Tuesday, the Malaysian palm oil market witnessed a surge in prices as a result of India’s recent decision to extend the concessional duty on edible oil imports for an additional year. India, being the largest importer of palm oil, has allowed lower import duties on edible oils until March 2025. This move by India has come as a relief to the palm …