date:Apr 28, 2019
erate 3.4 percent to Rs 75 per kg during the period. The higher import duty on soybean oil is believed to have aided the y-o-y growth in its domestic prices.
In June 2018, the import duty on crude soybean oil was raised to 35 per cent from 30 percent, and for refined soybean oil it was increased to 45 percent from 35 percent. Prior to this, the import duty on these varieties was increased in the month of November 2017.
Higher cheap edible oil imports and lower domestic edible oil prices also i