India govt may up import duty on crude sunflower oil, canola oil to 17.5%.

The government is likely to raise the import duty on crude sunflower oil and crude canola oil to 17.5% each from 12.5% at present. In August, the government had hiked the import duty on crude soyoil to 17.5% from 12.5%. The import duty on crude sunflower oil and canola oil, however, left unchanged. In August, import duty was raised only on (crude) soyoil. Usually, the import duty on all three (crude soyoil, sunflower oil, and canola oil) is increased in consonance