Monday, March 30, 2009

Breaking News-RTRS-Soyoil starts moving from India ports after tax cut

NEW DELHI, March 27 (Reuters) - Up to 130,000 tonnes of crude soyoil imports, about two months worth of shipments, has started moving from Indian ports after the scrapping of a 20 percent import tax this week, traders and importers said.
Analysts said it should ensure adequate supplies and stabilise prices as the country heads into elections in April and May.