World Perspectives
soy-oilseeds wheat softs

Indian Subcontinent Regional Analysis

India's domestic oil industry had asked GOI to raise both the duty on imported oil along with the differential between the crude and refined oils duties to 15 percent. However, the government decided to take a different approach. Vegoil Import Duty Slashed; Imports Rising In September 2016, the government of India (GOI) reduced the import duties on wheat and vegetable oil. Although the country is going to produce a record kharif oilseed crop of 23.363 MMT, an approximate 40.8 percent increase against 16.5 MMT last year, oil demand is likely to be higher during the festival season. In addition, the new stocks from domestic sources may not be available in the market any time soon. However, the lower duty will help keep prices down. GOI had...

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