Crude palm oil imports rise 10 pc during Apr 1-Jul 12, customs ensuring no clogging at ports: FinMin

UPSC Practice recommends Crude palm oil imports rise 10 pc during Apr 1-Jul 12, customs ensuring no clogging at ports: FinMin.

In a statement, the finance ministry said there has been a "significant increase" in the import of crude palm oil in most recent period with over 39 per cent growth between June 30 and July 12. The government had on June 30 cut basic customs duty on palm oil to bring down prices of edible oil in retail markets.

Courtesy: News-Economic Times

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