India’s vegoil industry participants seek import tax break reversal amid price crash

India’s vegetable oil industry representatives asked the government to overturn a recently announced tax holiday on the import of crude soybean oil and crude sunflower oil in a meeting on June 22, as the meltdown of international palm oil prices could discourage oilseed farmers ahead of the soybean sowing season. As falling vegetable oil prices would ease the inflationary pressure…