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Over the past two sessions, edible oil prices, particularly those of the palm group of oils, have declined on fears that India is set to increase import duty. The 5 per cent agricultural ...

In its latest data, SEA said India imported 136.87 lt of edible oils during the first 10 months of the oil year against 141.21 lt in the corresponding period a year ago, down by 3.07 per cent.

Govt on Friday increased import duty on edible oils by 20% amid domestic industry players flagging that cheaper imports have adversely impacted the domestic oil seed prices and farmers.

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Abul Hashem, general secretary of the Bangladesh Edible Oil Wholesalers Association, said the price of soybean oil was Tk 5,700 per maund (around 37 kilogrammes) a week ago while it was Tk 5,750 ...

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The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyabean oil, and sunflower oil India has raised the basic import tax on crude and ...