date:Apr 28, 2019
oing oil year as against a share of 51.6 percent during the period between November 2017 and March 2018.
Lower duty difference between refined and crude edible oil encourages domestic companies to import refined oil rather than importing crude edible oil and refining it. This, in turn, hurts the capacity utilisation of the refiners in the country. Additionally, cheap edible oil imports results in lower domestic edible oil prices which, in turn, depresses domestic oilseed prices.
Movement in in