India Raises Import Tax On Edible Oils To Provide Better Support For Farmers
This decision is likely to drive up the prices of edible oils which could lead to a decrease in demand and a reduction in imports of palm oil, soyoil, and sunflower oil.
Sep 14, 2024, 12:23 PM ISTGood news for consumers! Edible oil prices to go down as govt takes THIS bold move
The announcement comes in the wake of a surge in edible oil prices in India. India is one of the world’s largest vegetable oil importers and relies on imports for 60 per cent of its needs.
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Cooking oil is the most important ingredient while preparing a dish.
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