Duty hike on crude, refined oils to hugely benefit farmers: Official

The government has increased customs duty on crude palm and refined sunflower oil to 20% and 32.5%, respectively, benefiting farmers by boosting their income. The removal of the minimum export price and reduction in export duty on onions will also aid farmers. These measures aim to support soya and oilseed farmers, particularly in Maharashtra and Madhya Pradesh, without affecting market sentiments. The changes are expected to enhance exports and farmer incomes.