Commodity Profile of Edible Oil for November - 2017 As on 20.11.2017 Contents 1. Edible Oil estimates for India ( marketing year- November 2016- October 2017)... 2 2. Production Trend of Domestic Oilseeds... 2 3. Production Trend of Domestic Edible Oils... 3 4. Global Production Trend of Major Edible Oils... 3 Groundnut oil,mustrad oil, Sunflower oil, Soyabean oil... 3 5. Major Exporting and Importing Countries of Edible Oils... 5 Groundnut oil,mustrad oil, Sunflower oil, Soyabean oil... 5 6. India s import of major edible oils... 10 7. India s top import sources of Palm, Soya and Sunflower Oils... 10 8. Movement of Domestic and International major Edible Oils Prices... 11 9. Domestic future prices of Soya bean and Palm oil.. 13 10. International future prices of Soya bean and Palmoil..... 14 11. Trade Policy... 14 11.1 Export Policy... 14 11.2 Bound Duty, Standard Duty and Current Applied Duty... 15 12 Significant Changes for the month.... 17 1 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes 1. Edible Oil estimates for India (marketing year- November 2016- October 2017) (Unit:MillionTonnes) Table 1:Production, Stocks, Trade and Availability of Edible Oils 2015-16 2016-17 Sept,2017 Source Estimates* 9.18 10.97 Production 10.97 DVVOF 14.82 13.23 Imports 14.21** DOC 24.00 24.20 Availability 25.18 0.55 0.65 Export and Industrial use 0.65 DVVOF 23.45 23.55 Total Available for domestic consumption 24.53 Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) and Department of Commerce *For 2016-17 estimates, production and export & industrial use as estimated by Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) and import is 3 years average from DGCI&S, Kolkata. **Figure of import is for the period Nov-Sept, 2016-17. Availability: Domestic production plus Imports; Total Availability for Domestic Consumption: Availability minus export and Industrial use. The figure for domestic production of edible oils in 2016-17 is 10.97 MT which is more than the actual production last year in 2015-16 (i.e. 9.18 MT). 2. Production Trend of Domestic Oilseeds 16 Figure 1: Production Trend of Domestic Oilseeds 14 12 10 8 6 4 2 0 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Directorate of Economics and Statistics Groundnut Rapeseed Soyabean Sunflower India s Soybean production has increased in the last 10 years at CAGR of 4.79 percent. Production of Groundnut decreased from7.4 million (2013-14) to 6.7 million tonnes (2015-16) showing a decline of about 9%. However, production is estimated to be at 8.47 million tonnes in 2016-17. 2 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Mlillon Tonnes 3. Production Trend of Domestic Edible Oils 3 Figure 2: Production Trend of Domestic Edible oil 2.5 2 1.5 1 0.5 0 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Groundnut Oil Rapeseed Oil Soyabean Oil Sunflower Oil Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) Soybean oil production has increased in the last 10 years at CAGR of 4.83 percent. Rapeseed oil production increased from 2.11 Million MT from 2015-16 to Million 2.45 MT in 2016-17. 4. Global Production Trend of Major Edible Oils A) Groundnut oil 3 2.5 2 1.5 1 0.5 0 China India Burma Nigeria Sudan Source: United States Department of Agriculture Figure 3: Production Trend Groundnut Oil Tanzani a China is expected to be the top producer followed by India and Burma in 2016-17. India s share in global production of Groundnut Oil in 2016-17 may be around 19 percent. US Senegal Argentin a Burkina 2014/15 2.634 1.156 0.27 0.265 0.19 0.133 0.097 0.09 0.077 0.075 2015/16 2.727 0.918 0.27 0.265 0.22 0.133 0.113 0.097 0.076 0.076 2016/17 2.761 0.952 0.27 0.265 0.22 0.133 0.121 0.097 0.078 0.076 3 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes B) Mustard Oil 12 10 8 6 4 2 0 Figure 4: Production Trend Mustard Oil EU China Canada India Japan Mexico US Russia UAE Pakista n 2014/15 10.603 7.137 3.23 1.596 1.074 0.616 0.704 0.463 0.354 0.435 2015/16 10.157 7.157 3.55 1.862 1.075 0.616 0.632 0.376 0.345 0.316 2016/17 9.656 6.552 3.5 2.166 1.075 0.616 0.615 0.412 0.333 0.312 Source: United States Department of Agriculture European Union (EU) is expected to be the top producer followed by China and Canada in 2016-17. India may be the fourth largest producer. India s share in global production of mustard oil in 2016-17 may be around 8.5 percent. C) Sunflower oil 6 5 4 3 2 1 0 Ukraine Russia EU Source: United States Department of Agriculture Figure 5: Production Trend Sunflower Oil Argentin a Turkey China South Africa US Bolivia India 2014/15 4.357 3.366 3.232 1.151 0.731 0.466 0.298 0.147 0.123 0.117 2015/16 4.674 3.53 2.958 1.23 0.602 0.466 0.314 0.228 0.142 0.098 2016/17 4.991 3.738 3.084 1.223 0.589 0.475 0.308 0.247 0.151 0.108 Ukraine is expected to be the largest producer followed by Russia and EU in 2016-17. India may be at the 10 th position in global producer. India s share in global production of sunflower oil in 2016-17 may be around 1.0 percent. 4 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes D) Soybean oil 18 16 14 12 10 8 6 4 2 0 China Source: United States Department of Agriculture Figure 6: Production Trend Soybean Oil US Argenti na Brazil EU India Paragua y Mexico Russia Bolivia 2014/15 13.347 9.706 7.687 7.76 2.584 1.204 0.697 0.745 0.654 0.445 2015/16 14.655 9.934 8.77 7.68 2.622 1.098 0.783 0.76 0.717 0.475 2016/17 15.587 10.034 8.38 7.68 2.527 1.611 0.8 0.766 0.735 0.49 China, United States, Argentina and Brazil are expected to be the key producers of Soybean oil in 2016-17. India s share in global production of Soybean Oil in 2016-17 may be around 3.5 percent. 5. Major Exporting and Importing Countries of Edible Oils A. Groundnut oil 0.090 0.080 0.070 0.060 0.050 0.040 0.030 0.020 0.010 0.000 Figure 7 : Major Exporting countries of Groundnut Oil Argentina Brazil Senegal Nicaragua Netherlan ds India Belgium China France Netherlan ds 2014/15 0.083 0.038 0.031 0.019 0.005 0.015 0.014 0.010 0.008 0.005 2015/16 0.067 0.059 0.048 0.019 0.011 0.005 0.010 0.009 0.008 0.006 2016/17 0.081 0.045 0.020 0.018 0.013 0.012 0.010 0.009 0.009 0.006 Argentina and Brazil were the top two exporting countries of Groundnut oil in 2016-17. India was the 6 th largest exporting country of groundnut oil in the world in 2016-17. 5 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes 0.140 0.120 0.100 0.080 0.060 0.040 0.020 0.000 Figure 8 : Major Importing countries of Groundnut Oil China Italy USA France China Netherland s Benin Belgium Switzerland 2014/15 0.094 0.002 0.020 0.017 0.010 0.007 0.002 0.024 0.002 2015/16 0.128 0.016 0.029 0.020 0.010 0.005 0.016 0.015 0.006 2016/17 0.107 0.041 0.028 0.021 0.014 0.010 0.009 0.008 0.008 China and Italy were the major importing country of groundnut oil in 2016-17. B. Mustard oil 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 Canada Figure 9 : Major Exporting Countries of Mustard Oil Germany Czech Republic Poland UAE Belgium France Russia Netherlan ds 2014/15 2.379 0.869 0.417 0.466 0.132 0.254 0.238 0.355 0.443 0.002 2015/16 2.576 0.996 0.529 0.499 0.624 0.240 0.269 0.252 0.316 0.001 2016/17 2.910 1.139 0.502 0.432 0.394 0.328 0.284 0.222 0.222 0.200 Mexico Canada was the largest exporter of Mustard oil in the world followed by Germany and Czech Republic in 2016-17. 6 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes Figure 10 : Major Importing Countries of Mustard Oil 2.500 2.000 1.500 1.000 0.500 0.000 USA China Netherlan ds Norway India Belgium Germany Czech Republic Sweden 2014/15 1.586 0.810 0.629 0.383 0.252 0.443 0.271 0.179 0.208 0.000 2015/16 1.636 0.815 0.555 0.373 0.331 0.333 0.302 0.214 0.204 0.000 2016/17 1.910 0.700 0.663 0.432 0.414 0.322 0.279 0.264 0.242 0.198 Cuba The USA and China were the leading importing countries of Mustard oil in the world. India was the 6 th largest importing country in 2016-17. C. Sunflower oil 5.000 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 0.500 0.000 Figure 11 : Major Exporting Countries of Sunflower Oil Ukraine Russia Argentina Turkey Netherlan ds Hungary France Bulgaria Spain 2014/15 4.342 1.629 0.364 0.665 0.448 0.490 0.384 0.330 0.127 0.067 2015/16 3.174 1.413 0.466 0.623 0.375 0.461 0.337 0.263 0.145 0.008 2016/17 4.055 1.790 0.623 0.601 0.541 0.466 0.439 0.253 0.206 0.148 Ukraine and Russia were the top two global exporters of sunflower oil during 2016-17. South Africa 7 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Figure 12 : Major Importing Countries of Sunflower Oil India China Turkey Spain Italy Netherlan ds Iraq Germany Belgium UK 2014/15 1.641 0.455 0.829 0.353 0.411 0.541 0.438 0.345 0.329 0.299 2015/16 1.512 0.651 0.798 0.360 0.369 0.481 0.397 0.313 0.342 0.283 2016/17 1.539 0.956 0.738 0.540 0.455 0.411 0.375 0.373 0.368 0.291 India was the largest importer of Sunflower oil followed by China, Turkey, and Spain during 2016-17. There is a secular increase in the importation of Sunflower oil of China. D. Soybean oil 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Figure 13 : Major Exporting Countries of Soybean Oil Argentin a Brazil USA Paragua y Netherla nds Russia Bolivia German y Spain Canada 2014/15 4.06 1.31 0.89 0.63 0.37 0.34 0.36 0.38 0.47 0.10 2015/16 5.60 1.67 0.96 0.70 0.50 0.44 0.38 0.47 0.41 0.15 2016/17 5.76 1.25 1.00 0.70 0.55 0.47 0.42 0.34 0.32 0.17 Argentina was the largest exporting country in the world followed by Brazil, USA, and Paraguay during 2016-17. 8 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Million Tonnes Million Tonnes 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 India Figure 14 : Major Importing Countries of Soybean Oil Banglad esh Algeria China Morocc o Peru Colombi a Mexico Egypt Iran 2014/15 2.106 0.508 0.625 1.135 0.438 0.355 0.299 0.203 0.100 0.253 2015/16 3.509 0.566 0.637 0.818 0.439 0.395 0.311 0.261 0.325 0.433 2016/17 3.892 0.802 0.696 0.560 0.452 0.382 0.366 0.284 0.252 0.249 India was the largest importer of soybean oil that constituted 29.89 percent of the global import in the year 2016-17. E. Palm oil 30.00 25.00 20.00 15.00 10.00 5.00 0.00 Indonesi a Figure 15: Major Exporting Countries of Palm Oil Malaysi a Netherla nds Guatem ala Papua New Guinea German y Hondura s Colombi a Ecuador 2014/15 22.89 15.14 1.39 0.40 0.56 0.37 0.27 0.25 0.23 0.15 2015/16 26.47 15.43 1.19 0.47 0.60 0.44 0.33 0.40 0.28 0.16 2016/17 22.76 13.81 1.34 0.69 0.57 0.45 0.38 0.37 0.31 0.15 Costa Rica Indonesia and Malaysia hold both competitive as well as comparative advantage in exportation of Palm oil in the world. 9 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
MIllion Tonnes 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Figure 16: Major Importing Countries of Palm Oil India China Pakistan Netherla nds Italy Spain Germany Bangalad esh 2014/15 7.93 5.32 2.35 2.48 1.76 1.30 1.20 0.00 1.19 0.71 2015/16 9.54 5.91 2.52 2.48 1.64 1.28 1.32 2.82 1.18 0.84 2016/17 8.25 4.48 2.60 2.27 1.52 1.50 1.38 1.37 1.30 0.89 USA Russia India is the largest importer of Palm oil in the world followed by China, Pakistan and Netherland. 6. India s import of major edible oils (Qty in Million Tonnes, Value in Rs. Crores) Table 2:India s Import of Major Edible Oils during 2012-13 to 2016-17 Year Soybean Oil Palm Oil Sunflower Oil all edible oils Qty Value Qty Value Qty Value Qty Value 2012-13 1.1 7611 8.4 43924 1.1 7619 7.08 53561 2013-14 1.3 8307 7.6 39353 1.1 6881 9.60 44038 2014-15 2.3 12907 8.1 38881 1.7 9555 7.94 64893 2015-16 3.9 19413 9.6 37783 1.4 8326 15.64 68676 2016-17 3.5 18730 8.3 41081 1.7 9391 14.01 73047 2017-18 (Apr- Aug) 1.7 8726 4.0 18684 0.9 4768 6.85 33575 Source: Department. Of commerce India imports substantial amount of edible oils for its domestic consumption. Among all edible oils importation into India, Palm oil importation share is around 60 percent. 7. India s top import sources of Palm, Soya and Sunflower Oils Table 3: India s Top Import Sources of Palm, Soya and Sunflower Oils Edible Oils Import Source Soybean Oil Argentina and Brazil Palm Oil Indonesia and Malaysia Sunflower Ukraine and Argentina Source: Department of Commerce 10 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Rs per Tonnes Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Rs per Tonnes 8. Movement of Domestic and International Edible Oils Prices I. Groundnut oil 150000 140000 130000 120000 110000 100000 90000 80000 70000 60000 Figure 17: Movement of Groundnut Oil Price Domestic (Rajkot, Refined without VAT) International (Any origin, cif Rotterdam) Source: Domestic Price Agriwatch and International Price are FAO Prices. Domestic prices of Groundnut oil are showing decreasing trend from April, 2017. II. Mustard oil 100000 Figure 18: Movement of Mustard Oil Price 90000 80000 70000 60000 50000 40000 Domestic (Kota, Expeller without VAT) International (Rape oil (Dutch, fob ex-mill) Source: Domestic Price Agriwatch and International Price are FAO Prices. Domestic price of Mustard Oil is higher than that of International prices throughout the years. 11 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Rs per Tonnes Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Rs per Tonnes III. Sunflower oil 85000 80000 75000 70000 65000 60000 55000 50000 45000 Figure 19: Movement of Sunflower Oil Price Domestic (Chennai, Refined & Expeller with VAT) International Sun oil (CIF Ukraine Origin) Source: Domestic Price Agriwatch and International Price are CIF Ukraine origin Prices. Domestic prices of Sunflower oil are higher that International prices throughout. IV. Soybean oil 75000 70000 Figure 20: Movement of SoybeanOil Price 65000 60000 55000 50000 45000 40000 Domestic (Indore, Refined without VAT) International(Soya oil CIF Argentina origin) Source: Domestic Price Agriwatch and International Price are CIF Argentina origin Prices. Domestic price of soybean oil are higher than International prices throughout period. 12 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Rs per Tonnes V. Palm oil 65000 Figure 21: Movement of Palm Oil Price 60000 55000 50000 45000 40000 35000 30000 Source: International landing Price at Kandla, Agriwatch. Palm oil International prices at Kandla, Crude 5% FFA International price of palm oils are showing a mixed trend. 9. Domestic future prices of Soya bean and Palm oil Contract Month As on 16.11.17 Week 10.11.17 Table 4: Soya bean oil future prices Month 3 Months 16.10.17 16.8.17 6 Months 16.05.17 Year 16.11.16 Unit: Rs/Quintal % Change over previous year Nov-17 6800 6994.5 6650.5 6541 6190 6837-0.54 Dec-17 6970.5 7155 6703 6586 6220.5 6813.5 2.3 Jan-18 7059.5 7225 6748.5 6586 6220.5 6822.5 3.47 Source: National Commodity & Derivatives Exchange Limited Domestic future price for Crude Soya bean oil is expected to increase over the previous year. Contract Month As on 16.11.17 Table 5: Crude Palm oil future prices Month 16.10.17 Week 10.11.17 3 Months 16.8.17 6 Months 16.05.17 Year 16.11.16 Unit: Rs/Quintal % Change over previous year Nov-17 5434 5665 5351 5049-5274 3.03 Dec-17 5500 5679 5344 5049-5298 3.81 Jan-18 5639 5694 5337 5049-5312 6.16 Source:Multi Commodity Exchange of India Ltd Domestic future price for Crude Palm oil is expected to increase over the previous year. 13 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
10. International future prices of Soya bean and Crude Palm Oil Contract Month As on 16.11.17 Week 10.11.17 Table 6: Soya bean oil future prices Month 16.10.17 3 Months 16.8.17 6 Months 16.05.17 Year 16.11.16 Unit: USD/Ton % Change over previous year Oct-17 768.74 784.62 754.41 726.86 732.81 765.66 0.40 Dec-17 759.041 774.7 742.73 731.49 736.34 751.77 0.97 Jan-18 762.57 778 746.26 734.79 738.1 757.5 0.67 Mar-18 767.42 782.85 751.55 738.76 741.63 763.01 0.58 Source: CME Soybean Oil Prices International future prices of Soya bean are expected to increase over the last year. Contract Month As on 17.11.17 Week 10.11.17 Table 7: Palm oil future prices Month 17.10.17 3 Months 17.8.17 6 Months 17.05.17 Year 17.11.16 Unit: USD/Ton % Change over previous year Nov-17 648.33 654.57 646.46 619 592.69 631.89 2.6 Dec-17 644.54 663.88 647.64 622.03 592.69 656.49-1.82 Jan-18 652.95 669.61 649.53 622.03 592.69 656.26-0.5 Source: BMD Malaysian Palm Oil Prices International future prices of Palm oil are showing a mixed trend as compared to last year. 11. Trade Policy 11.1 Export Policy At present, export of edible oils is prohibited*. The following exemptions are permitted from prohibition on export of edible oils: a) Castor oil b) Coconut oil from all EDI Ports and through all Land Custom Stations (LCS) on Indo-Nepal, Indo- Bangladesh, Indo-Bhutan and Indo-Pakistan borders. c) Deemed export of edible oils(as input raw material) from DTA to 100% EOUs for production of non-edible goods to be exported d) Edible oils from Domestic Tariff Area (DTA) to Special Economic Zones (SEZs) to be consumed by SEZ units for manufacture of processed food products, subject to applicable value addition norms e) Edible oils produced out of minor forest produce, ITC (HS) Code 15159010, 15159020, 15159030, 15159040, 15179010 and 15219020. f) Organic edible oil subject to export contacts being registered and certified as Organic by Agricultural & Processed Food Products Export Development Authority (APEDA).# g) Rice Bran oil bulk.** h) Groundnut oil, Sesame oil, Soyabean oil and Maize (Corn) oil in bulk.## *i) DGFT s Notification No 22 (RE 2013)/2009-2014 dated 18 June, 2013) 14 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
ii) Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price of USD 900 per MT(vide DGFT s Notification No. 108 (RE 2013)/2009-14dated6 th Feb, 2015) iii) The prohibition will not apply to export of Peanut Butter, ITC (HS) Code 15179020. (Source: DGFT) ** iv) Bulk export of rice bran oil is allowed vide DGFT s notification no. 17/2015-20 dt 6 th Aug 2015. ## (v) DGFT s Notification No. 43/2015-2020 dated 27 th March, 2017. # (v) DGFT s Notification No. 3/2015-2020 dated 19 th April, 2017. 11.2 Import Duty - Bound Duty, Standard Duty and Current Applied Duty Table 9: Bound Duty, Standard Duty and Current Applied Duty HS Code Description Bound Duty Standard Duty Current Applied Duty# 15071000 Soya- bean Crude Oil 45 45 30* 15079010 Soya- bean Edible grade 45 45 35* 15079090 Soya- bean Other 45 45 35* 15081000 Groundnut oil crude 300 100 12.5 15089010 Groundnut oil Deodorized 300 100 20 15089091 Groundnut edible Grade 300 100 20 15089099 Groundnut oil Other 300 100 20 15091000 Olive oil virgin 45 45 12.5 15099010 Olive Edible grade 40 40 20 15099090 Olive Edible Other 40 40 20 15111000 Palm Crude Oil 300 100 30* 15119010 Other refined bleached 300 100 40* palm oil 15119020 Other refined bleached 300 100 40* Palmolein 15119090 Other refined palm oil 300 100 40* 15121110 Crude sunflower-seed oil 300 100 25* 15121120 Crude safflower oil 300 100 12.5 15121910 Sunflower oil edible 300 100 35* Grade 15121920 Sunflower oil Non-edible 300 100 35* 15121930 Saffola oil Edible 300 100 20 15121940 Saffola Oil Non edible 300 100 20 15121990 Saffola Oil Other 300 100 20 15122100 Cotton Seed oil Crude 300 100 12.5 15122910 Cotton Seed oil Edible 300 100 20 15122990 Cotton Seed oil Other 300 100 20 15131100 Crude coconut oil 300 100 12.5 15131900 Other coconut oil 300 100 20 15141110 Low erucic Colza oil 75 75 25* 15141120 Low erucic rape oil 75 75 25* 15141190 Low erucic other oil 75 75 25* 15 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
15141910 Refined colza oil of edible 75 75 35* grade 15141920 Refined rapeseed oil of 75 75 35* edible grade 15141990 Refined other rapeseed & 75 75 35* Colza oil of edible grade 15149110 Crude other Colza oil 75 75 25* 15149120 Crude other mustard oil 75 75 25* 15149190 Crude other Rapeseed oil 75 75 25* 15149910 Refined other colza oil of 75 75 35* edible grade 15149920 Refined other mustard oil 75 75 35* of edible grade 15149930 Refined other rapeseed oil of edible grade 75 75 35* 15149990 Refined other oil 75 75 35* 15151100 Linseed oil Crude 300 100 12.5 15151910 Linseed oil Edible 300 100 20 15151910 Linseed oil other 300 100 20 15153010 Castor Oil Edible 100 100 20 15153090 Castor Oil Other 100 100 20 15155010 Seasame oil Crude 300 100 12.5 15155091 Seasame oil Edible 300 100 20 15155099 Seasame oil Other 300 100 20 Source: DGFT, Department of Revenue, Government of India and World Trade Organisation (WTO) Applied duty on crude edible oil has been increased from 7.5% to 12.5% and on refined edible oil from 15% to 20% by Department of Revenue vide Notification No. 46/2014-Customs dated 17.09.2015. Applied Duty on Crude Palm has been decreased from 12.5% to 7.5% and on refined palm oil from 20% to 15% by Department of Revenue vide Notification No. 51/2016-Customs dated 23.09.2016. Applied Duty on Crude Palm has been increased from 7.5% to 15% and on refined palm oil from 15% to 25%. Further, Current Applied Duty on Crude Soybean oil has been increased from 12.5 % to 17.5% by Department of Revenue vide Notification No. 71/2017-Customs dated 11.08.2017. *Current Applied Duty on Crude Soybean has been increased from 17.5% to 30% and on refined Soybean oil from 20% to 35%. Current Applied Duty on Crude Sunflower oil has been increased from 12.5 % to 25% and on refined Sunflower oil from 20% to 35%. Current Applied Duty on Crude Palm has been increased from 15% to 30% and on refined Palm oil from 25% to 40%. Current Applied Duty on Crude Rapeseed oil including canola oil, mustard oil and colza oil has been increased from 12.5% to 25% and on refined Rapeseed oil including canola oil, mustard oil and colza oil from 25% to 35 % by Department of Revenue vide Notification No. 87/2017-Customs dated 17.11.2017. 12. Significant Changes for the month: Current Applied Duty on Crude Soybean has been increased from 17.5% to 30% and on refined Soybean oil from 20% to 35%. Current Applied Duty on Crude Sunflower oil has been increased from 12.5 % to 25% and on refined Sunflower oil from 20% to 35%. Current Applied Duty on Crude Palm has been increased from 15% to 30% and on refined Palm oil from 25% to 40%. Current Applied Duty on Crude Rapeseed oil including canola oil, mustard oil and colza oil has been increased from 12.5% to 25% and on refined Rapeseed oil including canola oil, 16 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017
mustard oil and colza oil from 25% to 35 % by Department of Revenue vide Notification No. 87/2017- Customs dated 17.11.2017. Disclaimer: The information and opinions contained in the document have been compiled from various sources believed to be reliable. This Department will not be liable for any losses and damages in connection with the uses of the information provided in the commodity profile. 17 C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r N o v e m b e r - 2017