Indian government instructs edible oil associations to maintain stable retail prices during ongoing low-duty imports.
The Indian government has instructed edible oil associations to keep retail prices stable until current low-duty imports are depleted. Following a customs duty increase on various oils, including crude and refined palm, soybean, and sunflower oils, the government aims to support domestic oilseed prices and production. India, a major edible oil consumer, imports over 60% of its needs, predominantly from Indonesia and Malaysia.
September 17, 2024
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