India weighs higher edible oil import duties; FMCG, grocery retailers face input cost squeeze
Government considers raising duties on palm, soybean and sunflower oil imports to shield farmers and curb forex outflows. With 60% import dependence and palm prices already up 12%, the move would lift COGS for packaged foods makers and grocery retailers, pressuring margins or forcing shelf-price hikes.
Government considers raising duties on palm, soybean and sunflower oil imports to shield farmers and curb forex outflows. With 60% import dependence and palm pr
Business Today · Latest · 5/18/2026, 12:49:57 PM · Ask about this →