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Govt announces import relief for edible oil; cut in sugar exports next

Move follows ban on wheat export to rein in inflation

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Since February 2021, the government reduced the duty on edible oils six times (not including Tuesday’s cut)

5 min read Last Updated : May 25 2022 | 10:17 AM IST

With retail inflation touching nearly an eight-year high of 7.79 per cent in April 2022, the government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year and is looking at curbing sugar exports as anti-price rise measures.

The effective duty on crude palm oil, crude soybean, and sunflower till now was 5.50 per cent, which will come down to almost zero after Tuesday’s reduction for the two oils up to a fixed quantity.

This is just after an unprecedented ban on wheat exports imposed on May 13, which

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