Krishnapatnam Port to receive 11,880 MT CPO on Nov 07.

Around 11,880 MT of imported crude palm oil is expected to arrive at Krishnapatnam port, Andhra Pradesh, on Nov 07 via Parekh Marine shipping agency. In a bid to curb rising imports of edible oils, especially palm oil, soyoil and coconut oil, the government had in August raised import duty on crude palm oil to 15% from 7.5%. India is the largest importer of edible oils in the world and palm oil accounts for over 60% of the total import of edible oils by the country.