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Crude Palm Oil Futures Journal . India cuts tax on crude palm oil imports to help consumers, refiners 2/14/2022 india has cut its tax on crude palm oil (cpo) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. London energy forum kicks off as oil markets grapple with uncertainty in this week's highlights: Indonesia pays price for massive palm tree plantation from www.ibtimes.sg India cuts tax on crude palm oil imports to help consumers, refiners 2/14/2022 india has cut its tax on crude palm oil (cpo) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. Oil markets are beset with uncertainty over iran and russia, the s&p. It advanced $1.76 the previous session to $89.96.