Edible oil industry body demands hike in import duty of refined palm oil to protect local industry

Solvent Extractors' Association of India (SEA) urges the government to increase import duty on refined palm oil. They want the duty to go up to 40 percent. This move aims to safeguard local processing industries. SEA highlights the disadvantage faced due to cheaper refined palmolein imports. They say exporting countries encourage this by imposing high duties on crude palm oil.