Import duty cut on edible oils ahead of festivals | Explained
The Union Government cut the Basic Customs Duty on major imported crude edible oils on September 24, aiming to ease prices ahead of festivals. This decision has raised concerns among edible oilseeds farmers, who view it as a threat to their livelihoods and fear it signals a forthcoming trade deal with the U.S. The implications for local farmers are significant as the festive season approaches.