Breaking News-RTRS-UPDATE 1-India will only tax crude palm if local prices dive

NEW DELHI, 26 Nov (Reuters) - India will only impose an import tax on crude palm oil if there is a further drop in local oilseed prices, the farm minister said on Wednesday, despite trade calls for a duty to protect farmers and domestic rates.
"The government will act if (oilseed) prices fall below government's minimum support prices," Sharad Pawar said.