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Informist, Tuesday, Sept. 30, 2025

 

--Govt ups crude soyoil base import price to $1,181/tn vs $1,167/tn 

--Govt ups RBD palmolein base import price to $1,144/tn vs $1,103/tn 

--Govt ups crude palmolein base import price to $1,141/tn vs $1,100/tn 

--Govt ups RBD palm oil base import price to $1,132/tn vs $1,085/tn 

--Govt ups crude palm oil base import price to $1,108/tn vs $1,081/tn

 

MUMBAI – The government has revised the base import prices of various edible oils, raising them in the range of $14 per tonne to $47 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Tuesday. The revised rates will come into effect Wednesday.  

 

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 Sept. 15.

 

The government has raised the base import price of crude palmolein, and refined, bleached, and deodorised palmolein by $41 per tonne. The base import price of refined, bleached, and deodorised palm oil has been raised by $47 per tonne and the base import price of crude palm oil and crude soyoil has been raised by $27 per tonne and $14 per tonne, respectively.

 

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	Sept. 30	Sept. 15	CHANGE
Crude palm oil	1,108	1,081	27
RBD palm oil	1,132	1,085	47
Crude palmolein	1,141	1,100	41
RBD palmolein	1,144	1,103	41
Crude soyoil	1,181	1,167	14

 

End

 

US$1 = INR 88.79

 

Reported by Ashutosh Pati

Edited by Avishek Dutta

 

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