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Centre cuts import duty on edible oils ahead of festivals

2 sources · first seen 23:59 23 Sept · updated 22:29 24 Sept

The brief

Written from 2 reports · check the source before you trade
  • The Centre cut basic customs duty on crude edible oils to lower landed costs
  • The government expects the benefit to reach consumers through lower supply costs
  • Lower edible-oil prices may ease food inflation and benefit Indian consumers and packaged-food companies

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Import duties2 todayFood prices5 todayInflation21 todayFarm commodities7 todayTrade and tariffs30 todayAgriculture9 today

Linked by the tag Import duties

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Part of a developing story8 updates over 5 days

India’s edible oil import duty cuts

Effective September 24, basic customs duty on crude soybean and palm oils fell from 10% to 5%, while rates on refined oils fell from 32.5% to 27.5%. The cuts aim to ease consumer prices ahead of the festive season, though farmers say they threaten their livelihoods.

Saturday, 26 September

  1. 2 sources
    India cuts edible-oil import duties ahead of festivals

Friday, 25 September

  1. AWL Agri expects edible oil demand to recover as prices fall and festive season nears
  2. Edible oil duty cut may put 8% retail price hikes on hold

Thursday, 24 September

  1. SEA terms edible oil duty reduction a timely, balanced intervention
  2. Here's why Patanjali Foods, AWL Agri and Godrej Agrovet shares will be in focus today

Wednesday, 23 September

  1. 2 sourcesYou are here
    Centre cuts import duty on edible oils ahead of festivals
  2. 6 sources
    India cuts import duties on edible oils to ease prices ahead of festivals

See all 8 updates →

Read the reports

2 reports · earliest 23:59
MintCentre cuts import duty on edible oils to curb price rise23:59The HinduAhead of festivals, Centre cuts import duty on edible oils22:29