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Palm oil lowers

By Reuters
November 21, 2017
SINGAPORE: Malaysian palm oil futures on Monday fell to their lowest in nearly two months as sentiment took a hit from India´s move to raise import tax of edible oils to the highest in over a decade.
India, the world´s largest importer of edible oils, said it would raise its import tax on crude palm oil to 30 percent from 15 percent, and increase the import tax on refined palm oil imports to 40 percent from 25 percent.