As on 05.04.2019 Commodity Profile of Edible for April - 2019

Contents

1. Edible Oil estimates for (marketing year- November 2018- October 2019) ...... 2 2. Production Trend of Domestic Oilseeds ...... 2 3. Production Trend of Domestic Edible ...... 3 4. Global & Domestic Production, Exporters and Importers of Major edible oil ...... 3 5. Global Production Trend of Major Edible Oils...... 4 6. Major Exporting and Importing Countries of Edible Oils ...... 6 7. India’s import of major edible oils ...... 11 8. India’s top import sources of Palm, Soya and Sunflower Oils ...... 12 9. Movement of Domestic and International Edible Oils Prices ...... 12 10. Domestic Future price of Soybean and ……………………….………………………….…….14

11. International Future price of Soybean and Palm oil…………………………………………………….15

12. Trade Policy ...... 16 12.1 Export Policy ...... 16 12.2 Import Duty - Bound Duty, Standard Duty and Current Applied Duty ...... 17 13. Significant changes for the month………………………………………………………………..…….18

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1. Edible Oil estimates for India (marketing year- November 2018- October 2019)

(Unit: Million Tonnes) Table 1:Production, Stocks, Trade and Availability of Edible Oils 2017-18 2018-19* Feb, 2019 Source 11.01 10.06 Production 10.66 DVVOF 14.59 14.98 Imports 4.79** DOC 25.60 25.04 Availability 15.45 0.63 0.65 Export and Industrial use 0.6 DVVOF 24.97 24.39 Total Available for domestic 14.85 consumption Source: Directorate of Vanaspati, and (DVVOF) and Department of Commerce

*For 2017-18 estimates, Production, Export Industrial use is estimates from DVVOF and Import is 3 years average from DGCI&S, Kolkata. **Figure of import is for the period Nov-Feb, 2018-19. Availability: Domestic production plus Imports; Total Availability for Domestic Consumption: Availability minus export and Industrial use.

2. Production Trend of Domestic Oilseeds

Figure 1: Production Trend of Domestic Oilseeds 16 14 12 10 8 6

Million Million Tonnes 4 2 0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

Groundnut Soyabean Sunflower

Source: Directorate of Economics and Statistics

 India’s Soybean production has increased in the last 10 years at CAGR of 1 percent.  Groundnut production is estimated to be 8.94 Million Tonnes in 2017-18 as compared to 7.46 Million Tonnes in 2016-17 showing a growth of around 20%.

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3. Production Trend of Domestic Edible Oils Figure 2: Production Trend of Domestic Edible oil 3

2.5

2

1.5

1 Million Million Tonnes

0.5

0 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

Groundnut Oil Rapeseed Oil Soyabean Oil

Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF)

production has increased in the last 10 years at CAGR of 1.48 percent.  Rapeseed oil production increased is estimated to be 2.33 Million MT in 2017-18.

4. Global & Domestic Production, Exporters and Importers of Major edible oil (Qty in Million MT) Table 2: Global & Domestic Production, Exporters and Importers of Major edible oil Edible oil Global India’s Major Exporters/ Importers production production (2017-18) (2018-19) (2018-19) Exporters: Argentina, Brazil, Senegal Ground nut oil 5.57 0.99 Importers: , Italy, USA

Exporters: , , Czech Republic 27.96 2.13 Importers: USA, China, Netherland

Exporters: Ukraine, Russia, Argentina Sunflower oil 19.45 0.10 Importers: India, China,

Exporters: Argentina, Brazil, USA Soybean oil 56.97 1.62 Importers: India, Bangladesh, Algeria

Exporters: Indonesia, Malaysia, Netherland Palm oil 73.49 0.20 Importers: India, China, Pakistan

Source: Global Production: USDA, India’s Production: DVVOF, Exporters & Importers: Comtrade

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5. Global Production Trend of Major Edible Oils A) Groundnut oil

Fig 3: Production Trend of Groundnut Oil 3.50 3.00 2.50 2.00 1.50

1.00 Million Million Tonnnes 0.50 0.00 China India Burma Nigeria Sudan 2017-18 2.86 1.29 0.27 0.27 0.22 2018-19 2.78 0.99 0.27 0.27 0.22 Source: United States Department of Agriculture

 China is expected to be the top producer followed by India and Burma in 2018-19.  India’s share in global production of Groundnut Oil in 2018-19 may be around 18 percent.

B) Mustard Oil

Fig 4: Production Trend of Mustard Oil 12.00

10.00

8.00

6.00

4.00 Million Million Tonnes 2.00

0.00 European Union China Canada India 2017-18 10.16 6.75 4.14 2.09 1.02 2018-19 9.66 6.98 4.15 2.13 1.07 Source: United States Department of Agriculture

 European Union (EU) is expected to be the top producer followed by China and Canada in 2018-19. India may be the fourth largest producer.  India’s share in global production of mustard oil in 2018-19 may be around 8 percent.

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C) Sunflower oil

Fig 5: Production Trend of Sunflower Oil 7.00 6.00 5.00 4.00 3.00

Million Million Tonnes 2.00 1.00 0.00 Ukraine Russia European Union Argentina Turkey 2017-18 5.89 4.13 3.63 1.30 0.91 2018-19 6.24 4.75 3.72 1.40 0.94 Source: United States Department of Agriculture

 Ukraine is expected to be the largest producer followed by Russia and EU in 2018-19.  India’s share in global production of sunflower oil in 2018-19 may be around 5.0 percent.

D) Soybean oil

Fig 6: Production Trend of Soybean Oil 18.00 16.00 14.00 12.00 10.00 8.00 6.00 Million Million Tonnes 4.00 2.00 0.00 China United States Argentina Brazil European Union 2017-18 16.13 10.78 7.24 8.54 2.84 2018-19 15.77 11.15 8.42 8.20 3.15 Source: United States Department of Agriculture

 China, United States, Argentina and Brazil are expected to be the key producers of Soybean oil in 2018-19.  India’s share in global production of Soybean Oil in 2018-19 may be around 3 percent.

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E) Palm Oil

Production Trend of Palm Oil 45.00 40.00 35.00 30.00 25.00 20.00 15.00 Million Million Tonnes 10.00 5.00 0.00 Indonesia Malaysia Thailand Colombia Nigeria 2017-18 39.50 19.68 2.70 1.63 1.03 2018-19 41.50 20.50 2.90 1.63 1.02 Source: United States Department of Agriculture

 Indonesia and Malaysia are major Palm oil producers in the world.

6. Major Exporting and Importing Countries of Edible Oils A. Groundnut oil Fig 8: Major Exporting Countries of Groundnut Oil 0.090 0.080 0.070 0.060 0.050 0.040

0.030 Million Million Tonnes 0.020 0.010 0.000 Argentina Brazil Sudan Senegal Nicaragua 2017 0.083 0.049 0.033 0.019 0.019 2018* 0.081 0.063 0.000 0.000 0.000 Source: Comtrade

 Argentina and Brazil were the top two exporting countries of Groundnut oil in 2018.

2018*: Data is not reported for 2018

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Fig 9: Major Importing countries of Groundnut Oil 0.14 0.12 0.10 0.08 0.06

0.04 Million Million Tonnes 0.02 0.00 United States of China Italy Benin America 2017 0.11 0.05 0.02 0.02 0.01 2018 0.13 0.05 0.03 0.00 0.01 Source: Comtrade

 China and Italy were the major importing country of groundnut oil in 2018.

B. Mustard oil

Fig 10: Major Exporting Countries of Mustard Oil 3.50 3.00 2.50 2.00 1.50

Millin Millin Tonnes 1.00 0.50 0.00 Russian Canada Germany Czech Republic Federation 2017 3.10 1.13 0.30 0.36 0.32 2018 3.26 0.90 0.47 0.32 0.26

Source: Comtrade

 Canada was the largest exporter of Mustard oil in the world followed by Germany and Belgium in 2018.

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Fig 11: Major Importing countries of Mustard Oil 2.50

2.00

1.50

1.00

Million Million Tonnes 0.50

0.00 United States of China Netherlands Norway Belgium America 2017 1.99 0.76 0.60 0.46 0.38 2018 1.75 1.30 0.77 0.46 0.36

Source: Comtrade

 The USA and China were the leading importing countries of Mustard oil in the world.

C. Sunflower oil

Fig 12: Major Exporting countries of Sunflower Oil 7.00 6.00 5.00 4.00 3.00

Million Million Tonnes 2.00 1.00 0.00 Russian Ukraine Mozambique Argentina Netherlands Federation 2017 5.77 1.28 2.33 0.77 0.59 2018* 0.00 1.11 2.10 0.71 0.62

Source: Comtrade

 Ukraine and Mozambique were the top two global exporters of sunflower oil during 2017.

2018*: Data is not reported for 2018

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Fig 13: Major Importing countries of Sunflower Oil 3.00

2.50

2.00

1.50

1.00 Million Million Tonnes 0.50

0.00 India China Italy Spain Turkey 2017 2.26 0.74 0.55 0.77 0.66 2018 2.43 0.70 0.61 0.52 0.50 Source: Comtrade

 India was the largest importer of Sunflower oil followed by China, Italy, and Spain during 2018.

D. Soybean oil

Fig 14: Major Exporting countries of Soybean Oil 6.00 5.00 4.00 3.00

2.00 Million Million Tonnes 1.00 0.00 United States of Argentina Brazil Paraguay Netherlands America 2017 4.97 1.34 1.07 0.68 0.52 2018 4.23 1.41 1.11 0.70 0.60 Source: Comtrade

 Argentina was the largest exporting country in the world followed by Brazil, USA, and Paraguay during 2017.

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Fig 15: Major Importing countries of Soybean Oil 4.00 3.50 3.00 2.50 2.00 1.50 Million Million Tonnes 1.00 0.50 0.00 India China Morocco Peru Colombia 2017 3.34 0.65 0.50 0.45 0.35 2018 2.97 0.55 0.53 0.50 0.34 Source: Comtrade

 India was the largest importer of soybean oil that constituted 27.89 percent of the global import in the year 2017.

E. Palm oil Fig 16: Major Exporting countries of Palm Oil 30.00

25.00

20.00

15.00

10.00 Million Million Tonnes 5.00

0.00 Indonesia Malaysia Netherlands Colombia Germany 2017 22.88 9.88 1.38 0.55 0.38 2018 27.89 13.84 1.34 0.70 0.37

Source: Comtrade

 Indonesia and Malaysia hold both competitive as well as comparative advantage in exportation of Palm oil in the world.

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Fig 17: Major Importing countries of Palm Oil 10.00 9.00 8.00 7.00 6.00 5.00 4.00

3.00 Million Million Tonnes 2.00 1.00 0.00 India China Pakistan Netherlands Spain 2017 9.18 5.08 2.77 2.60 1.90 2018 8.81 5.33 2.96 2.60 1.93

Source: Comtrade

 India is the largest importer of Palm oil in the world followed by China, Pakistan and Netherland.

7. India’s import of major edible oils (Qty in lacs Tonnes) Table 3:India’s Import of Major Edible Oils during 2013-14 to 2017-18 Year Soybean Oil Palm Oil Sunflower Oil Major edible oils Crude Refined Crude Refined Crude Refined Crude Refined 2013-14 13.5 0.0 51.3 25.4 10.8 0.0 75.6 25.50 2014-15 23.2 0.0 69.7 11.9 17.1 0.0 110.0 11.91 2015-16 39.6 0.0 71.1 25.7 14.9 0.0 125.6 25.71 2016-17 34.6 0.0 53.6 29.4 17.3 0.0 105.5 29.43 2017-18 31.5 0.0 67.5 27.7 22.5 0.0 121.5 27.7 2018-19 26.70 0.0 53.96 19.25 20.85 0.0 103.82 19.51 (Apr-Jan) Source: Department. Of commerce

(Value in Rs. Crores) Table 4:India’s Import of Major Edible Oils during 2013-14 to 2017-18 Year Soybean Oil Palm Oil Sunflower Oil Major edible oils Crude Refined Crude Refined Crude Refined Crude Refined 2013-14 8308 0.05 26440 12915 6882 1.62 41630 12917 2014-15 12908 0.11 33055 5839 9552 1.07 55519 5841 2015-16 19419 0.50 27409 10390 8323 1.04 55151 10391 2016-17 18703 3.8 26381 14708 9791 2.41 54876 14710 2017-18 16488 4.2 30851 12804 11857 2.66 59196 12810 2018-19 13821 10.7 21939 8333 11164 2.11 48345 8517 (Apr-Jan) Source: Department. Of commerce

 India imports substantial amount of edible oils for its domestic consumption. Among all edible oils importation into India, Palm oil import share is around 60 percent.

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8. India’s top import sources of Palm, Soya and Sunflower Oils Table 5: India’s Top Import Sources of Palm, Soya and Sunflower Oils Edible Oils Import Source Soybean Oil Argentina and Brazil Palm Oil Indonesia and Malaysia Sunflower Oil Ukraine and Argentina Source: Department of Commerce

9. Movement of Domestic and International Edible Oils Prices I. Groundnut oil

Fig 18: Movement of Groundnut Oil Price 153000 143000 133000 123000 113000 103000

Rsper MT 93000 83000 73000

63000

Apr-19 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18

Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18

Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18

Domestic (Rajkot, Refined without GST) International (Any origin, cif Rotterdam)

Source: Domestic Price Agriwatch and International Price are FAO Prices.

 Domestic prices of Groundnut oil are showing rising trend from April, 2018.

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II. Mustard oil

Fig 19: Movement of Mustard Oil Price

105,000 95,000 85,000 75,000

Rsper MT 65,000 55,000

45,000

Apr-19 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18

Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18

Aug-14 Aug-15 Aug-12 Aug-13 Aug-16 Aug-17 Aug-18

Domestic (Kota, Expeller without GST) International (Rape oil (Dutch, fob ex-mill)

Source: Domestic Price Agriwatch and International Price are FAO Prices.

 Domestic price of Mustard Oil is higher than that of International prices throughout the years.

III. Sunflower oil

Fig 20: Movement of Sunflower Oil Price 93000 88000 83000 78000 73000 68000 Rsper MT 63000 58000 53000

48000

Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19

Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18

Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18

Domestic (Chennai, Refined & Expeller with GST) International Sun oil (CIF Ukraine Origin)

Source: Domestic Price Agriwatch and International Price are CIF Ukraine origin Prices.

 Domestic prices of Sunflower oil are higher than that of International prices throughout the years.

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IV. Soybean oil

Fig 21: Movement of Soybean Oil Price

80000 75000 70000 65000 60000

Rs per MT per Rs 55000 50000

45000

Apr-14 Apr-18 Apr-12 Apr-13 Apr-15 Apr-16 Apr-17 Apr-19

Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18

Aug-15 Aug-12 Aug-13 Aug-14 Aug-16 Aug-17 Aug-18

Domestic (Indore, Refined without GST) International(Soya oil CIF Argentina origin)

Source: Domestic Price Agriwatch and International Price are CIF Argentina origin Prices.

 Domestic price of soybean oil are higher than that of International prices throughout period.

V. Palm oil

Fig 22: Movement of Palm Oil Price 70000

65000

60000

55000

Rsper Tonnes 50000

45000

Palm Oil International prices at Kandla 5% FFA Source: International landing Price at Kandla, Agriwatch.

 International price of palm oils are showing a weak trend.

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10. Domestic future prices of Soya bean and Palm oil Unit: Rs/Quintal Table – 6: Soya bean oil future prices Contract As on Week Month ago 3 Months 6 Months Year % Change Month 4.5.2019 ago 4.3.2019 ago ago ago over previous 29.3.2019 4.1.2019 4.10.2018 4.5.2018 year

Apr-19 7,350 7,310 7,500 7,305 7,510 7,838 -6.22 May-19 7,211 7,178 7,440 7,305 7,568 7,907 -8.80 June-19 7,162 7,140 7,440 7,305 7,623 7,945 -9.86 Source: National Commodity & Derivatives Exchange Limited

 Domestic future price for Crude Soya bean oil is expected to decrease over the previous year.

Unit: Rs/Quintal Table – 7: Crude Palm oil future prices Contract As on Week ago Month ago 3 Months 6 Months Year ago % Change Month 4.5.2019 29.3.2019 4.3.2019 ago ago 4.5.2018 over previous 4.1.2019 4.10.2018 year Apr-19 5,409 5,259 5,597 5,476 5,917 6,553 -17.46 May-19 5,479 5,327 5,615 5,450 5,959 6,612 -17.14 June-19 5,540 5,360 5,720 5,450 6,001 6,635 -16.50 Source:Multi Commodity Exchange of India Ltd

 Domestic future price for Crude Palm oil is expected to decrease over the previous year.

11. International future prices of Soya bean and Crude Palm Oil Unit: USD/Ton Table – 8: Soya bean oil future prices Contract As on Week ago Month ago 3 Months 6 Months Year ago % Change Month 4.5.2019 29.3.2019 4.3.2019 ago ago 4.5.2018 over 4.1.2019 4.10.2018 previous year May-19 650.80 632.50 670.42 643.30 675.71 704.59 -7.63 Jul-19 654.10 635.81 673.95 646.17 679.02 707.24 -7.51 Aug-19 657.63 639.55 676.81 649.03 681.44 710.54 -7.45 Sep-19 660.72 642.86 679.46 651.02 645.51 713.41 -7.39 Source: CME Soybean Oil Prices

 International future prices of Soya bean are expected to decrease over the last year.

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Unit: USD/Ton Table – 9: Palm oil future prices Contract As on Week ago Month ago 3 Months 6 Months Year ago % Change Month 4.5.2019 29.3.2019 4.3.2019 ago ago 4.5.2018 over 4.1.2019 4.10.2018 previous year Apr-19 514.96 489.83 515.71 535.88 583.80 632.60 -18.60 May-19 532.86 507.47 527.98 542.64 586.21 638.81 -16.59 June-19 541.20 516.30 537.56 543.61 587.17 638.55 -15.25 Source: BMD Malaysian Palm Oil Prices

 International future prices of Palm oil are to decrease over the last year.

12. Trade Policy

12.1 Export Policy At present, export of edible oils is prohibited*. The following exemptions are permitted from prohibition on export of edible oils:

a) b) from all EDI Ports and through all Land Custom Stations (LCS) on Indo-Nepal, Indo-Bangladesh, Indo-Bhutan and Indo-Pakistan borders. c) Deemed export of edible oils(as input raw material) from DTA to 100% EOUs for production of non-edible goods to be exported d) Edible oils from Domestic Tariff Area (DTA) to Special Economic Zones (SEZs) to be consumed by SEZ units for manufacture of processed food products, subject to applicable value addition norms e) Edible oils produced out of minor forest produce, ITC (HS) Code 15159010, 15159020, 15159030, 15159040, 15179010 and 15219020. f) Organic edible oil subject to export contacts being registered and certified as ‘Organic’ by Agricultural & Processed Food Products Export Development Authority (APEDA).# g) bulk.** h) Groundnut oil, , Soyabean oil and Maize (Corn) oil in bulk.##

*i) DGFT’s Notification No 22 (RE – 2013)/2009-2014 dated 18 June, 2013) ii) Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price of USD 900 per MT(vide DGFT’s Notification No. 108 (RE–2013)/2009-14 dated 6th Feb, 2015) iii) The prohibition will not apply to export of Peanut , ITC (HS) Code 15179020. (Source: DGFT)

** iv) Bulk export of rice bran oil is allowed vide DGFT’s notification no. 17/2015-20 dt 6th Aug 2015.

## (v) DGFT’s Notification No. 43/2015-2020 dated 27th March, 2017.

# (v) DGFT’s Notification No. 3/2015-2020 dated 19th April, 2017.

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12.2 Import Duty - Bound Duty, Standard Duty and Current Applied Duty

Table 10: Bound Duty, Standard Duty and Current Applied Duty HS Code Description Bound Duty Standard Duty Current Applied Duty# 15071000 Soya- bean Crude Oil 45 45 35^ 15079010 Soya- bean Edible 45 45 45^ grade 15079090 Soya- bean Other 45 45 45^ 15081000 Groundnut oil crude 300 100 35^

15089010 Groundnut oil 300 100 45^ Deodorized 15089091 Groundnut edible 300 100 45^ Grade 15089099 Groundnut oil Other 300 100 45^ 15091000 virgin 45 45 35^ 15099010 Olive Edible grade 40 40 40^ 15099090 Olive Edible Other 40 40 40^ 15111000 Palm Crude Oil 300 100 40# 15119010 Other refined bleached 300 100 45#** palm oil 50#** 15119020 Other refined bleached 300 100 45# Palmolein 50#** 15119090 Other refined palm oil 300 100 45# 50#** 15121110 Crude sunflower-seed 300 100 35^ oil 15121120 Crude oil 300 100 35^

15121910 Sunflower oil edible 300 100 45^ Grade 15121920 Sunflower oil Non- 300 100 45^ edible 15121930 Saffola oil Edible 300 100 45^ 15121940 Saffola Oil Non edible 300 100 45^ 15121990 Saffola Oil Other 300 100 45^ 15122100 Cotton Crude 300 100 35^ 15122910 Cotton Seed oil Edible 300 100 45^ 15122990 Cotton Seed oil Other 300 100 45^ 15131100 Crude coconut oil 300 100 35 ^ 15131900 Other coconut oil 300 100 4 5^ 15141110 Low erucic Colza oil 75 75 35^ 15141120 Low erucic rape oil 75 75 35^ 15141190 Low erucic other oil 75 75 35^ 15141910 Refined colza oil of 75 75 45^ edible grade 15141920 Refined rapeseed oil of 75 75 45^ edible grade 15141990 Refined other rapeseed 75 75 45^ & Colza oil of edible

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grade

15149110 Crude other Colza oil 75 75 35^ 15149120 Crude other mustard oil 75 75 35^ 15149190 Crude other Rapeseed 75 75 35^ oil 15149910 Refined other colza oil 75 75 45^ of edible grade 15149920 Refined other mustard 75 75 45^ oil of edible grade 15149930 Refined other rapeseed 75 75 35^ oil of edible grade 15149990 Refined other oil 75 75 45^ 15151100 Crude 300 100 35^ 15151910 Linseed oil Edible 300 100 45^ 15151910 Linseed oil other 300 100 45^ 15153010 Castor Oil Edible 100 100 45^ 15153090 Castor Oil Other 100 100 45^ 15155010 Seasame oil Crude 300 100 35^ 15155091 Seasame oil Edible 300 100 45^ 15155099 Seasame oil Other 300 100 45^

Source: DGFT, Department of Revenue, Government of India and World Trade Organisation (WTO) 45#**: Malaysian origin 50#**: Indonesian origin # Current Applied Duty on Crude Palm has been maintained 40% and on refined Palm oil import duty is reduced to 45% from 54% for Malaysian origin refined palm oil and to 50% from 54% for Indonesian origin refined palm oil by Department of Revenue vide Notification No. 84/2018- Customs dated 01.03.2018. ^Current Applied Duty on Crude sunflower oil has been increased from 25% to 35%, refined sunflower oil from 35% to 45%, refined olive oil from 35% to 40%, from 30% to 35% on crude groundnut oil, olive oil, other oils obtained solely from olive oil, Soyabean oil, safflower oil, cotton seed oil, coconut oil, or babassu oil, rapeseed oil, colza oil, mustard oil, linseeds oil, maize (corn) oil, castor oil, seasame oil and other fixed vegetable fats & oils and its fractions and from 35% to 45% on refined groundnut oil, other oils obtained solely from olive oil, Soyabean oil, safflower oil, cotton seed oil, coconut oil, palm kernel oil or babassu oil, rapeseed oil, colza oil, mustard oil linseeds oil, maize (corn) oil, castor oil, seasame oil and other fixed vegetable fats & oils and its fractions by Department of Revenue vide Notification No. 47/2018-Customs dated 14.06.2018.

13. Significant Changes for the month: NIL

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Disclaimer: The information and opinions contained in the document have been compiled from various sources believed to be reliable. This Department will not be liable for any losses and damages in connection with the uses of the information provided in the commodity profile.

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