The duty increase will help oilseed farmers to get good income for their produce.
The government has tried to limit import duty in oil, mainly for palm oil.
Indonesia did not export palm oil for October
The fall in global oil prices will have the same effect on Indian markets
"Malaysian Palm Oil stock Increased by increasing production
Palm Oil: Indonesia can not make major changes in palm oil exports to India
Edible Oil: India is likely to imports of 15.2 million tonnes
Mustard Seeds: In August the crushing of mustard grains decreased by 18 per cent.
Edible oil production targeted at 11 million tons in the year 2021-22
Ground Nuts: African countries plays major role on International prices