Archive · 7 Sep 2025

SOPA Seeks Import Duty Hike to Protect Farmers

SOPA Seeks Import Duty Hike to Protect Farmers

The Soybean Processors' Association of India (SOPA) wants the government to increase import taxes on cooking oil.

They are asking the Agriculture Minister to raise the import duty by at least 10%.

SOPA believes this will help local farmers by making imported oil more expensive and raising soybean prices.

Because of low prices, farmers are growing less soybeans.

SOPA wants the government to raise the tax to help farmers earn more money and grow more soybeans.

The government had previously lowered taxes on imported edible oils.

SOPA argues that this hurts the oilseed economy.

Sources