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Informist, Tuesday, Dec. 16, 2025

 

--Govt cuts crude palm oil base import price to $1,035/tn from $1,044/tn

--Govt cuts RBD palm oil base import price to $1,076/tn from $1,081/tn  

--Govt cuts crude palmolein base import price to $1,082/tn from $1,088/tn

--Govt cuts RBD palmolein base import price to $1,085/tn from $1,091/tn  

--Govt ups crude soyoil base import price to $1,184/tn from $1,173/tn 

 

MUMBAI – The government has reduced the base import prices of most edible oils in the range of $5-$9 per tonne, while raising the base import price of crude soyoil by $11 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Monday. The revised rates came into effect on 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 Nov. 28.

 

The base import price of crude palm oil has been cut by $9 per tonne and that of refined, bleached, and deodorised palm oil has been reduced by $5 per tonne. The government has cut the base import price of crude palmolein oil and refined, bleached, and deodorised palmolein oil by $6 per tonne. It has raised the price of crude soyoil by $11 per tonne. 

 

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 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	Dec. 15	Nov. 28	CHANGE
Crude palm oil	1,035	1,044	(-)9
RBD palm oil	1,076	1,081	(-)5
Crude palmolein	1,082	1,088	(-)6
RBD palmolein	1,085	1,091	(-)6
Crude soyoil	1,184	1,173	11

 

End

 

US$1 = INR 90.73

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Shreya Shetty

Edited by Avishek Dutta

 

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