# Govt must hike duty differential between crude & refined palm oil to 15 per cent: Edible oil industr

> The Solvent Extractors' Association of India asked the government to raise the duty differential between crude and refined palm oil to 15% from 7.5%. The group says rising refined palm oil imports are hurting domestic refiners, citing higher RBD palmolein and crude imports in 2022-23.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/15691-govt-must-hike-duty-differential-between-crude-and-refined-palm-oil-to-15-per
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A wider duty gap would shift Indian palm imports back toward crude, changing the flow of palm products and affecting refined oil and soft oil demand.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-24 | [Ceca deal with India safeguards Malaysian palm oil industry’s interest, says expert \| Malay Mail](https://feedsoft.ai/events/57983-ceca-deal-with-india-safeguards-malaysian-palm-oil-industry-s-interest-says.md) | +0.5% | +7.7% |
| PALMOIL | 2018-02-22 | [Activists: Palm oil must not get wider access to EU under Indonesia trade talks](https://feedsoft.ai/events/66518-activists-palm-oil-must-not-get-wider-access-to-eu-under-indonesia-trade-talks.md) | +0.4% | -2.3% |
| PALMOIL | 2021-02-22 | [Crude Palm Oil Becomes Indonesia's Largest Export Product by Value](https://feedsoft.ai/events/48503-crude-palm-oil-becomes-indonesia-s-largest-export-product-by-value.md) | +1.2% | +7.4% |
| PALMOIL | 2018-10-02 | [Palm Oil News - The Trade Run Well but Did not Make the CPO Price Better](https://feedsoft.ai/events/7624-palm-oil-news-the-trade-run-well-but-did-not-make-the-cpo-price-better.md) | +1.2% | +1.6% |
| PALMOIL | 2021-01-05 | [Govt To Counter EU’s Palm Oil Unfairness With New Strategy - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/49166-govt-to-counter-eu-s-palm-oil-unfairness-with-new-strategy-gabungan-pengusaha.md) | +1.3% | -10.0% |
| SBO | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | -2.1% | +1.6% |
| SBO | 2017-10-16 | [Palm oil demand strong as top buyers China, India restock inventories \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/68563-palm-oil-demand-strong-as-top-buyers-china-india-restock-inventories-commodity.md) | +2.0% | +3.9% |
| SBO | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | -1.6% | -9.5% |

## Sources

- newindianexpress.com: https://www.newindianexpress.com/business/2023/Nov/21/govt-must-hike-duty-differential-between-crude--refined-palm-oil-to-15-per-cent-edible-oil-industr-2634936.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.