인도 농업 및 식품 인사이트

The Indian government on Friday reduced the basic duty on crude palm, soybean and sunflower oils to 10% from 20%. The move is aimed at reducing retail prices of cooking oils and supporting local processors, the Indian finance ministry said, adding that the changes are effective immediately. India imports more than 50% of its edible

In May, India sharply increased its import of vegetable oils, but primarily cheap palm oil, therefore global prices did not receive support.

India halved the basic import tax on crude edible oils to 10% on Friday, the government said, as the world’s biggest vegetable oil importer tries to bring down food prices and help the local refining industry. The customs duty applies to crude palm oil, crude soyoil and crude sunflower oil. It will effectively bring down