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Budget: Edible oil industry welcomes agriculture development cess

The edible oil industry on Monday welcomed the announcement of agricultural development cess and the increase in import duty of crude palm oil in the Union Budget 2021-22, saying that the measures are expected to protect the interests of mustard farmers. The announcement of agricultural development cess is a welcome move and hopefully the revenue from cess on edible oils would be utilised for augmenting domestic production of oilseeds, Solvent Extractor s Association of India (SEA) President Atul Chaturvedi said in a statement. As per our understanding the effective import duty on CPO (crude palm oil) has gone up to 35.75 per cent, while at the same time import duty on soya and sunflower oil has remained unchanged at 38.5 per cent.

Commodity market:सोने-चांदी की कीमतों में तेजी,मेटल में कमजोरी, जानें कमोडिटी में कहां होगी कमाई Commodity market: Gold and silver prices up, weakness in metal

Commodity market:सोने-चांदी की कीमतों में तेजी,मेटल में कमजोरी, जानें कमोडिटी में कहां होगी कमाई Commodity market: Gold and silver prices up, weakness in metal
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