- The other reason which led to fall in prices was Indonesia's curb on exports to India.
- It is also expected that India's palm oil imports in 2021-22 could fall to 6.7 million tonnes by Oct 31st which is the lowest since 2010.
- Apart from that government has allowed duty-free imports of 2 million tonnes each of crude soy oil and crude sunflower oil for the current and next fiscal years.
- These steps have been taken by keeping in mind local edible prices.
- On one side, Indonesia came into the picture by revoking the ban after three weeks but it’s uncertain about how much quantity to be exported to India.
Question:
Q.1 According to recent data Indian palm oil imports would fall to how much percentage?a. 21%
b. 19%
c. 23%
d. 18%
