Edible oil industry demands restoration of the import duty on palm oil by March to prevent slide in mustard prices

Edible oil prices have been rising since May despite the pandemic-led demand destruction due to global factors and shortage of domestic mustard crop. India reduced the import duty on crude palm oil with effect from November 27 following an increase in oil prices by nearly 50% in the past six months.

from Economy-News-Economic Times https://ift.tt/3mgurkt