Business news · Policy & Regulation · 30 Sept 2026
India cut the basic import duty on crude sunflower oil to zero from 10%. The Solvent Extractors' Association projects sunflower oil imports of 3.5 million tons in the 2026/27 marketing year starting November 1, up 30%. It sees soyoil purchases 10.7% lower at 5 million tons and palm oil steady near 8 million tons. India imports about two-thirds of its vegetable oil needs, mainly from Malaysia, Indonesia, Argentina, Russia and Ukraine. Total imports are seen at 16.5-17 million tons, and possibly 1 million tons more if a weak monsoon cuts rapeseed output.
Imported crude oils are the main raw material for listed edible-oil refiners and packaged-food brands. A lower landed cost affects their input costs and the price at which they sell packaged cooking oil. For packaged-food and snack makers that use vegetable oil as an input, the change lowers one cost line. Domestic oilseed processors face more competition from cheaper imports. The duty cut is aimed at food inflation, which is also a factor in the RBI's policy decision.
Reported by Reuters (via Business Recorder) — “India's sunflower oil imports seen up 30% on duty cut, industry official says” ↗ on 30 Sept 2026.
NSE stocks, from the last close on or before 30 Sept 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Fast Moving Consumer Goods | 47 | +1.1% | 36 of 47 | +3.0 pts |
| All tracked stocks | 804 | -1.9% | 285 of 804 | — |
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