Edible oil duty cuts good for importers, consumers, but farmers may suffer
In a surprise move, the Indian government slashed import duties on crude edible oils from 20% to 10% to curb domestic prices and support local refiners. The decision, ahead of 2025–26 kharif oilseed sowing, drew concern from farmer groups but was welcomed by importers. In April 2025, food inflation eased to 1.78% from 2.69% in March.
In a surprise move late last week, the union government cut by half import duties on all crude edible oils, from 20 percent to 10 percent in a bid to reduce domestic prices and also support the local refining industry.
The decision that came just weeks ahead of the sowing of the new oilseeds crop for the 2025-26 kharif season raised eyebrows in several farmers’ groups even as oilseeds refiners and importers welcomed the step.
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Source : Business Standard
