Govt ups base import prices of edible oils by $2-$18/tn; soyoil's by $18/tn
This story was originally published at 08:15 IST on 1 August 2025
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--Govt ups crude soyoil base import price at $1,120/tn vs $1,102/tn
--Govt ups RBD palmolein base import price to $1,044/tn vs $1,042/tn
--Govt ups crude palmolein base import price to $1,041/tn vs $1,039/tn
--Govt ups RBD palm oil base import price to $1,035/tn vs $1,029/tn
--Govt ups crude palm oil base import price to $1,012/tn vs $998/tn
NEW DELHI – The government has raised the base import prices of all edible oils by $2-$18 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Thursday. 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 Jul. 15.
The government has raised the base import price of crude palm oil by $14 per tonne. The base import prices of refined, bleached, and deodorised palmolein have been raised by $6 per tonne and crude palmolein have been increased by $2 per tonne. The government has also increased the base import price of refined, bleached, and deodorised palm oil by $2 per tonne.
The Centre also raised the base import price of crude soyoil by $18 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 the previous levels, in dollars per tonne, and the revision in absolute terms in dollars:
EDIBLE OIL | Jul. 31 | Jul. 15 | CHANGE |
Crude palm oil | 1,012 | 998 | 14 |
RBD palm oil | 1,035 | 1,029 | 6 |
Crude palmolein | 1,041 | 1,039 | 2 |
RBD palmolein | 1,044 | 1,042 | 2 |
Crude soyoil | 1,120 | 1,102 | 18 |
End
US$1 = INR 85.59
Reported by Pallavi Singhal
Edited by Akul Nishant Akhoury
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