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India Weighing Edible Oil Import Duty Hike to Support Farmers

By Bloomberg Markets May 18, 2026 Neutral
India Weighing Edible Oil Import Duty Hike to Support Farmers
India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.
India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.