India grants duty concessions on corn and vegetable oil imports under TRQ to counter food inflation.
India grants duty concessions on corn and vegetable oil imports under TRQ to combat food inflation, allowing 150,000 MT sunflower oil, 500,000 MT corn, 10,000 MT milk powder, and 150,000 MT refined rapeseed oil imports. This comes as India is the largest importer of vegetable oils and top milk producer, dealing with around 8% yearly food inflation since November 2023.
June 26, 2024
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