← Top stories
Policy● Neutral for Indian equities
Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
The brief
- Shivraj Singh Chouhan says agencies will procure oilseeds and pulses if growers sell below MSP
- The minister says edible-oil duty cuts must balance consumers’ and farmers’ interests
- Procurement could support oilseed farmers; edible-oil processors face the duty-policy trade-off
- Festive season ahead: Govt urges edible-oil processors to cut retail prices after duty cuts
- India sets foodgrain target below last year’s record output
- Govt lowers foodgrain production target by 2.63 mn tonnes for 2026-27 over El Nino fears
- Rice prices may rise another 10-15%; wheat seen range-bound: Industry experts
- Uruguay eyes Indian edible oil market, aiming to emulate Argentina’s export success
India’s edible-oil import duty cuts
India cut import duties on crude and refined edible oils from September 24 to lower costs ahead of festivals. The move drew concern from oilseed farmers, while officials and industry weighed consumer benefits against effects on domestic growers and import dependence.
Tuesday, 29 September
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister