Day 31
Agriculture & FoodSkim2025-05-30
Customs Duty Slashed on Crude Edible Oils
What Happened
On May 30, 2025, the Indian government reduced the Basic Customs Duty on crude palm, soybean, and sunflower oils from 20 percent to 10 percent. This measure aims to control rising food inflation and domestic edible oil prices.
Why It Matters
The move stabilizes retail prices for consumers while incentivizing domestic refineries by widening the duty gap between crude and refined oil imports.
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