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Country’s Palm oil refiners face Global Price Heat

Country’s Palm oil refiners face Global Price Heat

Oil Refiners  : Big palm oil manufacturers & refiners like  Ruchi SoyaBSE -0.46 %, Adani Wilmar, Emami are in big trouble as imported crude and refined palm oils from Malaysia and Indonesia are available at the same price in India. Though the duty dissimilarity between mcx crude & refined palm oil is 7.5%, edible oil sellers are finding it more suitable to import refined palm oil directly from Malaysia & Indonesia & sell it in the native market. A recent move by Malaysia and Indonesia is harmful to the refining industry of India, all said by Mr.Angshu...
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