India weighs edible oil import duty hike, threatening FMCG and QSR margins
New Delhi is considering raising import duties on edible oils to support domestic farmers and curb FX outflows. India runs ~60% import dependence on palm, soy and sunflower oils, and palm has already risen 12%. A reversal of last year's cut from 20% to 10% would lift input costs for FMCG, QSR chains and grocery private labels.
India is weighing a hike in edible oil import duties to support farmers and curb FX outflows. A move would raise input costs for FMCG, QSR and grocery players reliant on palm, soy and sunflower oils.