Monday, July 6, 2009

Breaking News-RTRS-INTERVIEW-Indonesia sees no threat from India tax on palm

JAKARTA, July 3 (Reuters) - Indonesia's crude palm oil exports to its main buyer India are unlikely to be affected if India imposes an import tax, an industry official told Reuters on Friday.
"They (India) have no choice but to import the oilseeds from Indonesia," said Rosediana Suharto, executive chairman of Indonesian Palm Oil Commission (IPOC).
She noted that some Indonesian sellers actually shipped out crude palm oil (CPO) to their affiliated refiners in India.
Indonesian has projected palm oil exports to India, the world's second-biggest vegetable oil buyer, will jump 25 percent this year to around 6.0 million tonnes.