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The Centre has hiked import duty on edible oils to curb cheaper shipments and boost local prices for supporting farmers and refiners. (Photo: Pixabay)

Govt hikes import duty on edible oils to protect farmers

India imports palm oil mainly from Indonesia and Malaysia and a small quantity of crude soft oil from Latin America.

18 Nov 2017 8:34 AM

The Centre has hiked import duty on edible oils to curb cheaper shipments and boost local prices for supporting farmers and refiners. (Photo: Pixabay)

Illegal edible oil imports on rise

The government had increased the import duty on edible oil to protect the domestic industry.

30 Sept 2019 8:20 PM

The prices of edible oils have started surging as the bio-fuel programmes in Malaysia and Indonesia have increased the consumption of palm oil in those countries, eventually leading to a spike in its price.

After onion, it's turn of edible oil to give price shock

India, which is a big importer, will also be hit by the price rise.

8 Dec 2019 7:43 PM

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production. (AFP Photo)

India plans to hike edible oil import taxes to boost local supply

India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil

9 Jun 2020 3:30 AM

Yoga Guru Baba Ramdev. (Photo: File)

Patanjali questions Adani Wilmar's eligibility to bid for Ruchi Soya

Patanjali wants the other bidder to be disqualified under the provisions of Section 29A of IBC.

13 Jun 2018 7:48 AM

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Arun Jaitley-led panel reviews edible oil availability

Currently import duty on refined palm oils is 15 per cent, while that on crude palm oil is 7.5 per cent.

28 July 2017 4:12 AM

A stock of adulterated oil cans.

Adulterated oil racket busted in Nadia, 1 arrested

The raid was conducted on the basis of a source information at the oil mill Rahul Enterprise at Gobindapur Bazar area.

6 April 2017 7:22 PM

Farmers throw vegetables on a road during a protest as part of the Maharashtra bandh over various demands in Nagpur, Maharashtra. (Photo: PTI )

Farmer protests push for rise in edible oils import tax

Farmers are demanding better prices for their produce and billions of dollars in debt relief.

22 Jun 2017 7:38 AM