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India cuts edible-oil import duties ahead of festivals

2 sources · first seen 09:42 26 Sept · updated 09:43 26 Sept

The brief

Written from 2 reports · check the source before you trade
  • Edible-oilseed farmers view the duty cut as an attack on their livelihoods
  • Farmers fear the decision may precede a proposed trade deal
  • Lower import duties may pressure Indian oilseed farmers and domestic edible-oil producers

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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.

Sunday, 27 September

  1. Import duty cut on sunflower oil has a significant Russian backdrop

Saturday, 26 September

  1. 2 sourcesYou are here
    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 sources
    Centre cuts import duty on edible oils ahead of festivals

See all 8 updates →

Read the reports

2 reports · earliest 09:42
thehindu.comImport duty cut on edible oils ahead of festivals | Explained09:42The HinduImport duty cut on edible oils ahead of festivals | Explained09:43