Global commodity markets and trade policy
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Bloomberg · United States · India's edible oil inflation doubles as palm oil import chain faces Indonesia's nationalisation gambit
India was weighing a further import duty hike on edible oils as of mid-May 2026, following lobbying from the domestic vegetable oil industry. Crude palm oil effective duty at approximately 16.5%; refined palm oil (RBD Palmolein) at 35.75%. India had cut the basic duty from 20% to 10% in May 2025 to suppress consumer prices, and the industry was pushing for a reversal to protect domestic oilseed crushers.
“India is weighing an edible oil import duty hike to support farmers, after cutting the basic duty from 20% to 10% in 2025.”