India sharply raises import tax on edible oils to support farmers
India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world's biggest edible oil importer tries
This development is part of a broader strategy by the Indian government to reduce reliance on imports and boost domestic production. In October 2025 , India approved a 101 billion
The Economic TimesIndia raises import tax on edible oils The Economic Times
India has increased the basic import tax on crude and refined edible oils by 20 percentage points to support local oilseed farmers. This change will raise the total import duty on
Current import tax rates. In September 2025 , India imposed a 20 per cent basic customs duty on crude and refined vegetable oils. After revisions, the import tax was raised to 27.5 per cent on
CivilsdailyIndia raises Import Tax on Edible Oils Civilsdaily
The move could push up edible oil prices, reduce demand, and potentially lower imports of palm oil, soyoil, and sunflower oil. Edible Oil Scenario in India India imports more than
India has hiked the import tax on palm oil and other edible oils by 20%, a move seen as helping local oilseed farmers.The tax increase is effective from Saturday, according to a
Exclusive: India likely to raise vegetable oil import taxes to help
MUMBAI/NEW DELHI, Feb 21 (Reuters) India is likely to raise import taxes on vegetable oils for the second time in less than six months to help support thousands of oilseed farmers reeling from a
6 days agoThe government did not change the import duty on refined palm oil, refined soyoil or refined sunflower oil, which currently attract a 35.75 per cent import tax. The import duty gap
Telegraph IndiaIndia likely to raise vegetable oil import taxes to help support
The hike in import duties by the world's largest importer of edible oils could lift local vegetable oil and oilseed prices, while potentially dampening demand and reducing overseas
India raises import tax on edible oils by 20%, impacting prices and demand, aiming to support local farmers. Move comes after oilseeds prices crash below MSP ahead of kharif crop arrivals For a
YahooIndia raises import tax on palm oil to highest in a decade
India has raised import tax on crude and refined palm oil to the highest level in more than a decade, the government said in a statement on Thursday, as the world's biggest edible oil
NITI Aayog has suggested higher import duties on edible oils, a substantial duty gap between crude and refined oils, and incentives for farmers to boost India's self-sufficiency in
ThePrintHow edible oil in India became an obesity and import
To make the country self-reliant in edible oils and reduce the burden on imports, the Government of India launched the Edible Oil Mission in October 2025 . Under this scheme, an
India has raised import tax on crude and refined palm oil to the highest level in more than a decade, the government said in a statement on Thursday, as the world's biggest edible oil
indiatimesIndia raises import tax on crude, refined soft oils ETCFO
Edible Oils: The hike will make palm oil competitive in the Indian market and reduce the flow of soft oils like sunflower and canola in coming months, boosting local producers.
MUMBAI/NEW DELHI (Reuters) India has raised import tax on edible oil to the highest level in more than a decade, the government said in an order, as the world's biggest
- Why has India raised the import tax on edible oils?
- India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world's biggest edible oil importer tries to help protect farmers reeling from lower oilseed prices
- Why did India increase oil import tax?
- India has increased the basic import tax on crude and refined edible oils by 20 percentage points to support local oilseed farmers. This change will raise the total import duty on these oils, potentially increasing prices and reducing demand for imports of palm oil, soyoil, and sunflower oil.
- How will a cut in basic tax affect edible oil prices?
- Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage, said the cut in the basic duty would bring down edible oil prices and help revive retail demand, which has been subdued in recent months. The reduction in import tax will effectively bring down the total import duty on the three oils to 16.5 per cent from an earlier 27.5 per cent.
- Will India increase import tax on vegetable oil?
- Imports of refined palm oil, refined soyoil and refined sunflower oil will attract 35.75 per cent import duty against the earlier duty of 13.75 per cent. Reuters reported in late August that India was considering an increase in import taxes on vegetable oils to help soybean growers ahead of regional elections due in Maharashtra later this year.
- What is the import duty gap between refined and crude edible oils?
- The import duty gap between refined and crude edible oils has risen to 19.25 per cent, which will prompt importers to bring in crude edible oils instead of refined oils and boost the local refining industry, Mehta said. India meets more than 70 per cent of its vegetable oil demand through imports.
- How does India meet its vegetable oil demand?
- India meets more than 70% of its vegetable oil demand through imports. It buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine. (You can now subscribe to our Economic Times WhatsApp channel)
