Govt cuts base import price of most edible oils $3-$8/tn, raise soyoil by $7
This story was originally published at 21:02 IST on 16 July 2025
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-- Govt cuts crude palm oil base import price to $998/tn vs $1,006/tn
-- Govt cuts RBD palm oil base import price to $1,029/tn vs $1,032/tn
-- Govt cuts crude palmolein base import price to $1,039/tn vs $1,044/tn
-- Govt cuts RBD palmolein base import price to $1,042/tn vs $1,047/tn
-- Govt ups crude soyoil base import price to $1,102/tn vs $1,095/tn
NEW DELHI – The government has reduced the base import price of most edible oils by $3-$8 per tonne, and raised the base import price for crude soyoil by $7 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Wednesday. The Centre levies import duty ad valorem and reviews base import prices, depending on changes in global prices and foreign exchange rates, usually on a fortnightly basis. The base import prices of edible oils were last revised on Jun. 30.
The government has decreased the base import price of crude palm oil by $8 per tonne. The base import prices of refined, bleached, and deodorised palmolein have been cut by $3 per tonne and crude palmolein have been reduced by $5 per tonne. The government has also reduced the base import price of refined, bleached, and deodorised palm oil by $5 per tonne.
The Centre has, however, raised the base import price of crude soyoil by $7 per tonne. India is the world's largest importer of edible oils. Palm oil accounts for a bulk of the country's imports, with most of it purchased from Indonesia, Malaysia, and Thailand, which are the top producers of the commodity.
The following table details the base import prices of edible oils compared with previous levels, in dollars per tonne, and the revision in absolute terms in dollars:
EDIBLE OIL | Jul 15 | Jun 30 | CHANGE |
Crude palm oil | 998 | 1,006 | (-)8 |
RBD palm oil | 1,029 | 1,032 | (-)3 |
Crude palmolein | 1,039 | 1,044 | (-)5 |
RBD palmolein | 1,042 | 1,047 | (-)5 |
Crude soyoil | 1,102 | 1,095 | 7 |
End
US$1 = INR 85.94
Reported by Pallavi Singhal
Edited by Akul Nishant Akhoury
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