Archive · 20 Aug 2025
India Lowers Palm Oil Import Duty to Aid Farmers, Consumers
The Indian government is making cooking oil cheaper.
They've lowered the tax on imported palm oil so people can buy it for less.
India buys most of its cooking oil from other countries.
The government hopes this change will also help local companies and farmers who grow palm oil.
They are also helping the palm oil farmers in Andhra Pradesh with money and resources.
India reduced the basic customs duty on crude palm oil.
The reduction aims to lower prices for consumers and help farmers.
India imports about 60% of its cooking oils.
The government is correcting shortcomings in the import duty system.
Support packages are provided to oil palm farmers in Andhra Pradesh.
- Who
- Union Minister of State for Commerce Jitin Prasada.
- What
- The government reduced the basic customs duty on crude palm oil.
- When
- Not specified, but in response to an inquiry in Parliament.
- Where
- India, with specific mention of Andhra Pradesh and Eluru district.
- Why
- To lower cooking oil prices for consumers, support farmers, and increase domestic refining.
Government's Perspective
N/A
Action
Government's Perspective
Reducing import duties on crude palm oil.
N/A
N/A
Objective
Government's Perspective
Helping Farmers
N/A
N/A
Objective
Government's Perspective
Reduce prices for consumers
N/A
N/A
- Policy Change
- Reduction of basic customs duty on crude palm oil
- Government Goal
- Reduce cooking oil prices
- India's Cooking Oil Import
- 60%
- Focus area
- Andhra Pradesh
- Support to Farmers
- Planting, Intercropping, Machinery
