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EquityWireGovt ups edible oils base import prices in the range of $19-$21/tn

Govt ups edible oils base import prices in the range of $19-$21/tn

This story was originally published at 09:36 IST on 16 September 2025
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Informist, Tuesday, Sept. 16, 2025

 

--Govt ups crude palm oil base import price to $1,081/tn vs $1,060/tn 

--Govt ups RBD palm oil base import price to $1,085/tn vs $1,066/tn 

--Govt ups crude palmolein base import price to $1,100/tn vs $1,079/tn 

--Govt ups RBD palmolein base import price to $1,103/tn vs $1,082/tn 

--Govt ups crude soyoil base import price at $1,167/tn vs $1,146/tn 

 

MUMBAI – The government has revised the base import prices of various edible oils, raising them in the range of $19 per tonne to $21 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Monday. The revised rates came into effect Tuesday.  

 

The Centre levies import duty ad valorem and reviews base import prices, depending on 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 these commodities being brought into the country. The base import prices of edible oils were last revised on Aug. 29.

 

The government has raised the base import price of crude palm oil, crude palmolein, refined, bleached, and deodorised palmolein, and crude soyoil by $21 per tonne. The base import price of refined, bleached, and deodorised palm oil has been raised by $19 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 OILSept. 15Aug. 29CHANGE
Crude palm oil1,0811,06021
RBD palm oil1,0851,06619
Crude palmolein1,1001,07921
RBD palmolein1,1031,08221
Crude soyoil 1,1671,14621

 

End

 

US$1 = INR 88.13

 

Reported by Shreya Shetty

Edited by Avishek Dutta

 

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