No Plans To Cut Edible Oil Duty

New Delhi: The Centre does not plan any further reduction in the import duty on edible oils. This is even as landed prices of crude palm oil (CPO) have risen by around $130 a tonne and de-gummed soyaoil by over $200 a tonne since the last round of duty cuts on July 25.

“There is no proposal to cut edible oil now,” the Union Agriculture Minister, Sharad Pawar, told newspersons here on Tuesday. Officials told Business Line that there is no move either to ban export of sesamum seeds and groundnut kernel. “The issue came up for discussion at a meeting of the Committee of Secretaries, but no proposal to this effect was made,” they said.