Thursday, December 4, 2008

Breaking News-INTERVIEW-UPDATE 1-India may tax palm in a month's time-Mistry

NUSA DUA, Indonesia Dec 2 (Reuters) - India, the world's second largest vegetable oil importer, could tax crude palm oil shipments within a month, top industry analyst Dorab Mistry said on Tuesday.
"It will happen. When you say soon, it will be within a month and something will happen," Mistry told Reuters in an interview ahead of a palm oil conference in the resort island of Bali.
"They have given us the indication by a level of 20 percent on soybean oil, so usually we have seen in historical terms, they try to put both (soybean oil and palm oil) at the same level playing field."

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