Policy● Neutral for Indian equities
Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nears
The brief
- Indian Vegetable Oil Producers’ Association urged cooking oil firms to pass duty cuts on to consumers
- The call comes ahead of the festive season
- Lower cooking-oil prices may benefit Indian consumers and support FMCG demand
- India weighs lower pulse import duties to curb food inflation
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says