INSUBCONTINENT EXCLUSIVE:
imports.The Finance Ministry through a notification dated June 29, reduced the duty on CPO to 10 per cent from the existing 15 per cent with
effect from June 30, 2021
This reduction, in turn, will bring down the retail prices of edible oils, official sources said.In addition to this, the Department of
Commerce has issued a revised import policy for refined bleached deodorised (RBD) palm oil and palmolein by removing both from restricted to
This would be effective with immediate effect and continue till December 31, 2021.The major edible oils consumed in the country are mustard,
soyabean, groundnut, sunflower, sesame oil, and niger seed among others.Official sources said that food inflation, including high prices of
edible oils has been a cause of concern and therefore the Government has been monitoring their prices and taking steps by way of removing
bottlenecks to soften prices.
