“Zero duty imports of Nepal tea cannot be stopped under SAFTA. What is required is more stringent checking by the administration so that cheap quality Nepal teas do not reach the consumers in the name of Darjeeling tea,” Kaushik Basu, secretary, Darjeeling Tea Association, told ET.
Edible oil to become cheaper? Government likely to take BIG decision today - Concerned over rise in edible oil prices, the Ministry of Consumer Affairs has convened a virtual meeting to discuss price-related issues to edible oi
Edible Oil industry players today cautioned the government against resorting to any knee-jerk reaction of lowering import duties to cool down domestic prices, saying it could have a very negative’ impact on oilseed farmers, kharif planting for which will start in the coming few weeks. That apart, the global edible oil markets have already started softening which might lead to a drop in domestic prices in the next week to 10 days, the industry said. The industry associations, traders and stakeholders expressed their views during a meeting called by the union government to solicit them and find a way forward to cool down the sharp rise in domestic edible oil prices.
stevenMay 15, 2021
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