The Government on September 13, 2024 had increased the import duty on cooking oils on the assumption that the step would help farmers get better prices for kharif oilseeds after the rates dropped below their minimum support prices. The government will have to be cautious in further raising the import duty on edible oils after it was hiked in September last year as domestic prices of soyabean and groundnut have fallen from levels when duty-free import was allowed, experts said. https://www.thehindubusinessline.com/economy/agri-business/import-duty-hike-in-edible-oils-fails-to-spur-domestic-oilseeds-rates/article69281736.ece
Import duty hike in edible oils fails to spur domestic oilseeds rates
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