India will not roll back tariff hikes on edible oils. | (वैश्विक मूल्य वृद्धि के बावजूद भारत खाद्य तेल पर शुल्क वृद्धि वापस नहीं लेगा )

Main Points In Hindi (मुख्य बातें – हिंदी में)

1. वैश्विक कीमतों में वृद्धि: पिछले महीने खाद्य तेलों, विशेषकर सोयाबीन, सूरजमुखी और पाम तेल की वैश्विक कीमतों में क्रमशः 16%, 12% और 10% की वृद्धि हुई है, जिसका मुख्य कारण ब्राजील और अर्जेंटीना में शुष्क मौसम की चिंताएँ हैं।

2. आयात शुल्क का संशोधन: सरकार ने खाद्य तेलों पर आयात शुल्क बढ़ाकर कच्चे पाम, सोयाबीन, और सूरजमुखी तेल पर 20% और परिष्कृत तेल पर 32.5% कर दिया है। इससे पहले शुल्क शून्य था, और यह निर्णय घरेलू आत्मनिर्भरता की दिशा में एक कदम माना जा रहा है।

3. उपभोक्ताओं पर प्रभाव: उपभोक्ताओं को अब बाजार में बढ़ी हुई कीमतों के साथ तालमेल बिठाना होगा, क्योंकि आयात शुल्क में वृद्धि के बावजूद सरकार ने कहा है कि उद्योग को बढ़ती कीमतों को अपनी लागत से ज्यादा बढ़ाने की अनुमति नहीं दी जाएगी।

4. खाद्य तेल उद्योग की चेतावनी: सॉल्वेंट एक्सट्रैक्टर्स एसोसिएशन ऑफ इंडिया (एसईए) ने अपने सदस्यों से पुराने स्टॉक की कीमतें नहीं बढ़ाने की सलाह दी है, और कहा है कि संभवतः वैश्विक कीमतों में कमी हो सकती है, हालांकि मौजूद आपूर्ति की कमी के कारण कीमतें बढ़ी हैं।

5. उपभोक्ता मूल्य परिवर्तन: हाल के आंकड़ों के अनुसार, विभिन्न खाद्य तेलों के खुदरा मूल्य में एक महीने में बढ़ोतरी हुई है; जैसे कि सोयाबीन तेल ₹137/लीटर, सूरजमुखी तेल ₹142/लीटर और पाम तेल ₹123/लीटर हो गए हैं।

Main Points In English(मुख्य बातें – अंग्रेज़ी में)

Here are the main points from the provided article:

1. Global Price Increase and Government Response: Global prices of edible oils have risen recently, largely due to concerns over dry weather in major soybean-producing countries, Brazil and Argentina. The Indian government believes consumers will need to adapt to these market rates while maintaining the current import tariff structure to promote self-sufficiency.

2. Import Tariff Adjustments: The government raised import tariffs on crude palm oil, soybean oil, and sunflower oil from zero to 20%, and increased tariffs on refined oils from 12.5% to 32.5%. Currently, effective tariffs stand at 27.5% for crude and 35.75% for refined oils, including additional taxes.

3. Retail Price Increases: Data from the Ministry of Consumer Affairs indicates that the average retail prices of soybean oil, sunflower oil, and palm oil have increased significantly over the past month, with figures showing rises of ₹10-13 per liter for these oils.

4. Industry’s Position on Pricing: The Solvent Extractors’ Association of India (SEA) has advised its members to refrain from raising prices on old stock and maintain retail prices at the levels seen before the tariff increases.

5. Future Concerns: Despite the tariff increases, there are concerns that global prices may continue to rise due to supply shortages, which could further impact import costs and thus domestic prices, warranting close monitoring by the government.

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Complete News In Hindi(पूरी खबर – हिंदी में)

Complete News In English(पूरी खबर – अंग्रेज़ी में)

The government acknowledges that global prices for edible oils have increased recently, but it believes consumers will need to adjust to market rates. This is necessary to maintain the current import tax structure, which supports the country’s goal of self-sufficiency.

An official source mentioned that the government is aware of the rise in global prices for some edible oils, largely due to dry weather concerns in major soybean-producing countries like Brazil and Argentina. After years of having zero or low import taxes, there has been a recent hike in these taxes. As a result, consumers will have to adapt to the changing prices.

A senior official emphasized that the government expects the industry not to raise prices on imported oils despite the tax increase last month. As of October 23, global soybean prices had risen by 16%, sunflower oil by 12%, and palm oil by 10% over the past month.

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On September 13, the government increased import duties on crude palm oil, soybean oil, and sunflower oil from 0% to 20%, and refined palm, soybean, and sunflower oils from 12.5% to 32.5%. Following this revision, the total duties on imported crude oils now stand at 27.5% and on refined oils at 35.75%, including additional taxes.

Although the Ministry of Agriculture had recommended a 40% increase, the government settled for a 20% hike, resulting in an overall duty of about 36% on imported refined oils.

According to the Ministry of Consumer Affairs, as of October 23, the all-India average retail prices were ₹137 per liter for soybean oil, ₹142 for sunflower oil, and ₹123 for palm oil, which reflects an increase of ₹10-13 per liter compared to a month earlier. Mustard oil is averaging ₹164 per liter, up from ₹151 a month ago.

The Solvent Extractors Association of India (SEA) recently advised its members not to raise the prices of older stock and to maintain retail prices at levels seen before September 14.

SEA President Sanjeev Asthana mentioned that following the increase in import duties, there are concerns about a potential drop in international export prices for edible oils. He pointed out that contrary to expectations, global prices have risen due to supply shortages, leading to higher import costs. The Food Ministry has expressed worries over rising prices, especially concerning stocks imported at lower duties, and has encouraged members to keep retail prices steady at pre-September levels.



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