The government increased customs duty on edible oil, many oil companies from Godrej Agrovet to Adani Wilmar will benefit
The central government has increased the customs duty on refined palm oil, soybean oil and sunflower oil from 12.5% to 32.5%. This decision, which came into effect from September 14, is likely to have a bad impact on edible oil and FMCG i.e. fast moving consumer goods companies. India is the largest consumer of palm … Read more
