date:Oct 15, 2012
India may boost palm-oil purchases from Malaysia after the second-largest producer announced a shakeup of export-tax policy that takes effect from Jan. 1, according to the Solvent Extractors Association of India.
At present, the country imports 80 percent of its crude palm oil from Indonesia and 20 percent from Malaysia, and that ratio may shift to 60:40 or even 50:50, Executive Director B. V. Mehta told reporters in Kuala Lumpur. Buyers will have to watch how Indonesia, the worlds biggest prod