India: India Cuts Import Tax on Crude Edible Oils - Opportunities for US Soybean Oil

  |   Attaché Report (GAIN)   |   IN2025-0035

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India: India Cuts Import Tax on Crude Edible Oils - Opportunities for US Soybean Oil
On May 30, 2025, India reduced its import duty on crude soybean, sunflower, and palm oil from 20 percent to 10 percent, lowering the effective duty to 16.5 percent. The policy aims to curb high edible oil prices and inflation while encouraging imports of crude oil to boost domestic refining. The tariff reduction is expected to increase crude oil imports, especially palm and soybean oil, presenting opportunities for the U.S. soybean sector.
Exporting
South and Central Asia, India
Oilseeds, Soybean Oil

Database Source:

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