India may raise import duties on vegetable oils

India is likely to raise import duties on vegetable oils for the second time in less than six months to support thousands of oilseed farmers hit by falling domestic oilseed prices, two government sources told Reuters on Friday.
The increase in import duties by the world’s largest importer of edible oils could lead to higher local prices for oil and oilseeds, while potentially reducing demand and reducing foreign purchases of palm, soybean and sunflower oil.
In September 2024, India imposed a 20% basic duty on crude and refined vegetable oils. After the revision, crude palm oil, crude soybean oil and crude sunflower oil were subject to an import duty of 27.5% compared to 5.5% previously, while refined grades of the three oils are now subject to an import duty of 35.75%.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
Ukrainian corn this season is unlikely to be wasted on the Chinese market
German rapeseed oil exports are declining
Diseases attack US corn fields, threatening record harvest
Grain & Oilseed Quality 2025: From Weather Risk to Margin
Sunseed prices in Ukraine remain high due to delayed harvest, but their further in...
Write to us
Our manager will contact you soon