SOPA seeks 10 pc hike in edible oil import duty to support farmers

SOPA Appeals for Import Duty Hike on Consumable Oils to Aid Farmers - Real News Now

The Indian Soybean Processors’ Association (SOPA) has appealed to the central authorities to enhance the import duty on consumable oils by at least 10% to shield farming community from low domestic rates, which have negatively impacted cultivation. According to SOPA’s Chairman, Davish Jain, the current conundrum of reduced cost imports combined with a dip in domestic oilseed pricing has led farming communities to limit their oilseed cultivation …

SOPA seeks 10 pc hike in edible oil import duty to support farmers

New Delhi, Sep 7 (PTI) The Soybean Processors' Association of India (SOPA) has urged the government to increase import duty on edible oils by at least 10 per cent to protect farmers from sluggish domestic prices that have discouraged cultivation.In a representation to Agriculture Minister Shivraj Singh Chouhan, SOPA Chairman Davish Jain said cheaper imports and depressed domestic oilseed prices have led farmers to reduce or abandon oilseed culti…