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.
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Timeline
Sunday, 27 September
- Import duty cut on sunflower oil has a significant Russian backdrop
Sunflower oil import-duty cuts intersect with India’s growing edible-oil import dependence
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Saturday, 26 September
- India cuts edible-oil import duties ahead of festivals
Edible-oilseed farmers view the duty cut as an attack on their livelihoods
Friday, 25 September
Thursday, 24 September
- SEA terms edible oil duty reduction a timely, balanced intervention
BCD on crude soybean and palm oil was cut from 10% to 5%
- Here's why Patanjali Foods, AWL Agri and Godrej Agrovet shares will be in focus today
Duty cuts take effect September 24 to bring down edible oil prices for consumers
Wednesday, 23 September
- Centre cuts import duty on edible oils ahead of festivals
The Centre cut basic customs duty on crude edible oils to lower landed costs
- India cuts import duties on edible oils to ease prices ahead of festivals
Customs duties were cut on crude and refined palm, soybean and sunflower oils
