Adani Wilmar, Marico and Patanjali Foods shares in focus today as govt cuts import duty on crude edible oils
India's top edible oil refiners including Adani Wilmar and Patanjali Foods are expected to benefit after the Centre slashed Basic Customs Duty (BCD) on major crude edible oil imports from 20% to 10%, effective June 11. The move aims to cool retail inflation, lower consumer prices, and boost domestic refining.
The Ministry of Consumer Affairs said the reduced duty will create a 19.25% gap between crude and refined oil imports, encouraging higher refining activity within India. This is seen as a direct positive for companies that import crude oils and process them domestically.
Adani Wilmar Ltd, one of the country's largest branded edible oil companies, and Patanjali Foods Ltd (formerly Ruchi Soya), a key soybean and palm oil processor, are among the most likely beneficiaries. The duty cut reduces their input costs and improves their pricing advantage over imported refined oils.
Other listed edible oil players like Kriti Nutrients, Gokul Agro Resources, and Vippy Spinpro may also see margin improvements from the new policy. FMCG player Marico, which markets Saffola edible oils, could benefit modestly if it sources crude oil directly.
The policy shift is part of the government's broader attempt to curb food inflation, especially after last year's duty hikes triggered a sharp rise in edible oil prices. The government has directed edible oil associations to pass on the cost savings to consumers by adjusting Maximum Retail Prices (MRP) and Price to Distributors (PTD) in real time.
Markets may track edible oil stocks closely in the coming sessions as the full impact of the policy change plays out across the supply chain.
News desk at BusinessUpturn.com
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Business Upturn
2 days ago
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Adani Wilmar, Marico and Patanjali Foods shares in focus today as govt cuts import duty on crude edible oils
India's top edible oil refiners including Adani Wilmar and Patanjali Foods are expected to benefit after the Centre slashed Basic Customs Duty (BCD) on major crude edible oil imports from 20% to 10%, effective June 11. The move aims to cool retail inflation, lower consumer prices, and boost domestic refining. The Ministry of Consumer Affairs said the reduced duty will create a 19.25% gap between crude and refined oil imports, encouraging higher refining activity within India. This is seen as a direct positive for companies that import crude oils and process them domestically. Adani Wilmar Ltd, one of the country's largest branded edible oil companies, and Patanjali Foods Ltd (formerly Ruchi Soya), a key soybean and palm oil processor, are among the most likely beneficiaries. The duty cut reduces their input costs and improves their pricing advantage over imported refined oils. Other listed edible oil players like Kriti Nutrients, Gokul Agro Resources, and Vippy Spinpro may also see margin improvements from the new policy. FMCG player Marico, which markets Saffola edible oils, could benefit modestly if it sources crude oil directly. The policy shift is part of the government's broader attempt to curb food inflation, especially after last year's duty hikes triggered a sharp rise in edible oil prices. The government has directed edible oil associations to pass on the cost savings to consumers by adjusting Maximum Retail Prices (MRP) and Price to Distributors (PTD) in real time. Markets may track edible oil stocks closely in the coming sessions as the full impact of the policy change plays out across the supply chain. News desk at
Business Upturn
2 days ago
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Centre slashes import duty on crude edible oils from 20% to 10% to ease consumer prices
By News Desk Published on June 11, 2025, 19:01 IST In a move aimed at cooling retail inflation and stabilizing domestic prices, the Government of India has reduced the Basic Customs Duty (BCD) on major imported crude edible oils — including crude sunflower, soybean, and palm oil — from 20% to 10%, effective immediately. The decision was announced on June 11, 2025, by the Ministry of Consumer Affairs, Food & Public Distribution. This revision narrows the duty gap between crude and refined edible oils to 19.25%, a step designed to promote domestic refining and reduce reliance on refined oil imports. The government expects the reduced BCD to lower landed costs, offering price relief to consumers while easing food inflation pressures that have intensified since the import duty hike in September 2024. Officials emphasized that the revised structure would discourage the import of refined palmolein, redirecting demand toward crude variants, particularly crude palm oil, and thus boosting the domestic refining sector's viability and capacity utilization. A coordination meeting chaired by the Secretary of the Department of Food and Public Distribution (DFPD) directed edible oil associations to ensure the benefit is passed down to consumers. Associations have been instructed to update Price to Distributors (PTD) and Maximum Retail Prices (MRP) in line with the duty reduction and share weekly price updates with the government. This intervention, according to the ministry, comes after a detailed review of surging edible oil prices and is intended to create a level playing field for domestic refiners while safeguarding consumers from further inflationary stress. News desk at
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2 days ago
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Adani Wilmar, Marico and Patanjali Foods shares in focus as govt cuts import duty on crude edible oils
By News Desk Published on June 11, 2025, 19:07 IST India's top edible oil refiners including Adani Wilmar and Patanjali Foods are expected to benefit after the Centre slashed Basic Customs Duty (BCD) on major crude edible oil imports from 20% to 10%, effective June 11. The move aims to cool retail inflation, lower consumer prices, and boost domestic refining. The Ministry of Consumer Affairs said the reduced duty will create a 19.25% gap between crude and refined oil imports, encouraging higher refining activity within India. This is seen as a direct positive for companies that import crude oils and process them domestically. Adani Wilmar Ltd, one of the country's largest branded edible oil companies, and Patanjali Foods Ltd (formerly Ruchi Soya), a key soybean and palm oil processor, are among the most likely beneficiaries. The duty cut reduces their input costs and improves their pricing advantage over imported refined oils. Other listed edible oil players like Kriti Nutrients, Gokul Agro Resources, and Vippy Spinpro may also see margin improvements from the new policy. FMCG player Marico, which markets Saffola edible oils, could benefit modestly if it sources crude oil directly. The policy shift is part of the government's broader attempt to curb food inflation, especially after last year's duty hikes triggered a sharp rise in edible oil prices. The government has directed edible oil associations to pass on the cost savings to consumers by adjusting Maximum Retail Prices (MRP) and Price to Distributors (PTD) in real time. Markets may track edible oil stocks closely in the coming sessions as the full impact of the policy change plays out across the supply chain. News desk at
