Frequent revisions in India’s import tariffs on edible oils distort the market, complicate import planning and raise transaction costs for refiners and traders, a report said on Tuesday. Duty hikes lead to immediate retail price escalation, while duty cuts often produce incomplete or delayed relief for consumers, according to the report titled ‘ Tariff volatility and stakeholder dynamics in India’s edible oil sector.

India imports around 57% of its edible oil requirement. Palm, soybean and sunflower account for the bulk of consumption of around 25 million tonne (MT). The annual edible oil import bill is to the tune of $20 billion.

“These short-term adjustments, though aimed at curbing inflation or protecting consumers have created policy volatility, reduced market predictability, and w

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