India's duty structures mean domestic refineries stagnate

08/5/2013 | Business Standard (India)

Duty structures in India have led eight edible oil refineries to halt production plans or reduce operating levels, this article says. An inverted duty structure in Indonesia and Malaysia -- two of the world's largest palm oil exporters -- combined with India's 2.5 percent import duty on crude palm oil, has increased the price of raw materials and contributed to stagnation of domestic production.

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Business Standard (India)

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