Jaipur, March 13 -- The Mustard oil industry is demanding a 20-25 per cent hike in the import duty on edible oil to curb cheaper shipments and boost local prices for supporting farmers, reported TOI.
Speaking on the side-lines of a seminar by Mustard Oil Producers Association of India, Babu Lal Data, president of the association told TOI that while the government increases the minimum support price, it does not take any action to restrict the import of cheap palm oil.
Centre has increased MSP to Rs 5,450 which translated to around Rs 125 for the consumers. But it only procures 10-15 lakh tonnes, and the rest of the around 90,000-1 lakh tonne is dependent on market price. If the imported palm oil is available at Rs 85-90, people will ...