Agriculture FMCGMedium impactAfter close

India reviews edible oil import taxes to support farmers

19 May 2026 · 16:13 ISTafter close1 source ↓written by the desknot a recommendation

India is considering raising import duties on edible oils to support local farmers and bolster foreign currency reserves. This proposal aims to ensure better prices for domestic agriculture while reducing reliance on imports. Prime Minister Modi's push for self-sufficiency signals a strategic shift that may impact consumer prices and currency stability.

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Sourcesnews.google.com

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India reviews edible oil import taxes to support farmers

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