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Push millet, pulses production: Niti
The objective of the plan is to discourage farmers from growing these staples and switch to nutri-cereals, pulses and edible oil since the demand for
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Unbranded items and lower priced packs gain traction due to price hike
Shift in consumer pattern, however, not seen across categories
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Government slashes custom duty and agri-cess on edible oils
The effective customs duty on crude varieties of palm, soyabean and sunflower oil will be at 8.25% and 5.5% each (soyabean and sunflower oil)
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Wholesale edible oil prices on a declining trend: Government
It has also asked retailers to prominently display the rates of branded edible oils so that consumers can make choice
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Govt cuts basic customs duty on edible oil till September 30
Crude soybean oil and sunflower oil attract a 20% agriculture infrastructure and development cess and a 10% social welfare cess
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Supply-demand imbalances may continue to exert pressure on pulses, edible oils: RBI
The RBI also said the extent of retail price increase in the post-lockdown period was also much higher than the usual summer uptick in food prices
