June 14, 2018 / 12:37 PM / 8 days ago

India raises import tax on crude edible oils to 35 pct

MUMBAI, June 14 (Reuters) - India, the world’s biggest importer of edible oil, has raised its import tax on some crude edible oils to 35 percent, and to 45 percent for refined edible oils, the government said in a notification on Thursday.

The country buys palm oil from Indonesia and Malaysia; and soyoil mainly from Argentina and Brazil, while it purchases sunflower oil from Ukraine. (Reporting by Rajendra Jadhav, Editing by Sherry Jacob-Phillips)

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