Govt may reduce import duties on edible oilBS Reporter / New Delhi March 20, 2008The government is in advanced stages of cutting import duties on edible oil.Official sources said the effective duty on palm oil is expected to come down to 10% from the existing 22%. Earlier this week, the government announced a ban on edible oil export to check rising prices.The country meets about 45% of edible oil requirement through imports. The second advance estimates, released by the agriculture ministry last month, puts this year
