Transcription of India Implements Further Cuts to Palm Oil Duties
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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA June 2020 Sunflower Oil Claims Record Share of Food Use Sunflower oil will claim a record share of global food use in MY 2019/20, rising to 12 percent. The shift towards sunflower is driven by demand for higher-quality oils as global incomes rise, resulting in consistent production growth particularly in Ukraine and Russia. Since 2011, sunflower oil production has expanded faster than any other oil, averaging almost 7 percent growth per year.
prices and food price inflation amid soaring global palm oil prices. Effective October 14, 2021, the Indian government cut import duties on crude and refined palm oil, a move following its earlier vegetable oil duty reductions in June and September. The October cut eliminated the base import duty for crude palm
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