Centre reduces duty on crude palm oil by 5% to reduce edible oil prices

Center has reduced the duty on Crude Palm Oil by 5 per cent, with a view to reduce the edible oil prices and to provide relief to consumers. Further, to cool down the prices of RBD Palmolein or Refined Palm oil, Department of Food and Public Distribution has recommended the removal of the restriction on import of RBD Palmolein and to put it in the open general category of imports. Ministry of Consumer Affairs, Food and Public Administration in a statement said that the major edible oils consumed...