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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.

MUMBAI, Sept 13 (Reuters) - India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world's biggest edible oil ...

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.

India permitted duty-free imports of edible oils in May 2022 after their prices surged globally due to supply shortages. The impact of El Nino on oilseed production forced the Centre to permit it ...

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 ...

(Reuters pic) India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s biggest edible oil importer tries to ...