Govt hikes base import prices for most edible oils, cuts for soyoil
This story was originally published at 12:20 IST on 30 May 2026
Register to read our real-time news.Informist, Saturday, May 30, 2026
Please click here to read all liners published on this story
--Govt ups crude palm oil base import price to $1,218/tn vs $1,205/tn
--Govt ups crude palmolein base import price to $1,230/tn vs $1,216/tn
--Govt ups RBD palm oil base import price to $1,222/tn vs $1,212/tn
--Govt ups RBD palmolein base import price to $1,233/tn vs $1,219/tn
--Govt cuts crude soyoil base import price to $1,244/tn vs $1,256/tn
MUMBAI – The government has raised the base import price of most edible oils in the range of $10-$14 per tonne while lowering that for soyoil, the Central Board of Indirect Taxes and Customs said in a notification late Friday. The revised rates came into effect Saturday.
The Centre levies import duty ad valorem and reviews base import prices depending on the changes in global prices and foreign exchange rates. The government normally revises base import prices of edible oils every fortnight and these are used to calculate the duty on the commodities brought into the country. The base import prices of edible oils were last revised on May 15.
India is the largest importer of edible oils. Palm oil accounts for the 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 base import price of crude palm oil has been raised by $13 per tonne and that of refined, bleached, and deodorised palm oil has been raised by $10 per tonne. The government has raised the base import price of both crude palmolein oil and refined, bleached, and deodorised palmolein oil by $14 per tonne each. It has lowered the price of crude soyoil by $12 per tonne.
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 | May 30 | May 15 | CHANGE |
Crude palm oil | 1,218 | 1,205 | 13 |
RBD palm oil | 1,222 | 1,212 | 10 |
Crude palmolein | 1,230 | 1,216 | 14 |
RBD palmolein | 1,233 | 1,219 | 14 |
Crude soyoil | 1,244 | 1,256 | (-)12 |
End
US$1 = INR 95.00
Reported by Shreya Shetty
Edited by Himanshi Gupta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
