Trump’s tariff war helps India’s edible oil prices soften by 7-8%
U.S. tariff hikes have unexpectedly benefited Indian consumers, cutting landed prices of key edible oils. Since the Trump administration’s recent tariff increase, crude and refined palm‑oil prices in India have fallen 7–8 %, while crude soybean‑oil prices are down about $48 per tonne. The drops ease import costs for India, which relies heavily on foreign edible‑oil supplies.
One of the few positives for Indian consumers of US President Donald Trump’s sweeping tariffs on foreign trade partners is the drop in landed price of key edible oils in India in the last few weeks.
Ever since the Trump administration hiked tariffs on imported items earlier this month, the landed price of palm oil in India, both in crude and refined forms, have softened by almost 7-8 per cent, trade data suggests.
Landed price of crude soybean oil, the other major variety of edible oil imported by India, has also dropped by almost $48 per tonne.
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