Duty-free imports of crude soybean & sunflower oil

25 May 2022 / India

India has allowed duty-free imports of 2 million tonnes each of crude soy and sunflower oil for the current and next fiscal year to March 2024.

India is the world’s biggest importer of vegetable oils and the move is a bid to tame food inflation.

Traders who wish to import the oils must obtain an import quota from the government.

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