Breaking News-RTRS-India may up palm oil import duty in Oct./Nov-Mistry

SINGAPORE, Sept 9 (Reuters) - India is likely to raise its import duty on palm oil and palmolein as cheap imports have hit consumption of domestic oils and threaten to discourage farmers from planting oilseeds, a leading industry analyst said.

Import duty on crude palm oil may be raised to 10 percent from zero, while the levy on RBD palmolein is likely to be doubled to 15 percent, Dorab Mistry told Reuters on the sidelines of an industry conference.