import duty Archives - Page 2 of 3

NEW DELHI: No relief for consumers as global prices of edible oils spike

Consumers will face higher edible oil prices in the coming months due to increased global rates and rising import duties. The Indian...

723

Edible Oil News in English

Pakistan :PVMA urges govt to temporarily abolish import duty on edible oil

The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the government to temporarily eliminate the import duty on edible oil to alleviate consumer...

823

Edible Oil News in English

Food Sector In India Could Be Affected By Edible Oil Import Duty Increase: GlobalData

The Indian government's 20% increase in edible oil import duties aims to support local farmers but may lead to higher consumer prices...

612

Sugar News in English

Bangladesh Trade and Tariff Commission proposes to reduce import duties on sugar to combat smuggling

The Bangladesh Trade and Tariff Commission has recommended reducing sugar import duties from 30% to 15% to curb smuggling and lower domestic...

599

Edible Oil News in English

Increase in import duty on edible oil to have wide-ranging effects on food sector in India, says GlobalData

The Indian government’s 20% basic customs duty on crude edible oils, like sunflower, soybean, and palm oil, aims to support domestic farmers...

822

Edible Oil News in English

Mandi prices of soybean rise on hike in import duty, likely to cross MSP as arrivals commence

Following a recent hike in import duties on edible oils, the mandi prices of soybean in India have risen by around ₹500...

666

Edible Oil News in English

Edible oil prices up 5-10 per cent, may rise further

The recent hike in import duties on crude and refined edible oils has led to a rise in retail prices of kitchen...

578

Edible Oil News in English

Global price decline in edible oil, new crop to cushion inflationary impact of import duty hike, economists say

The recent increase in import duties on edible oils, now at 20%, is unlikely to significantly impact domestic inflation. Economists anticipate that...