Edible oil refinery capacity rises on import duty hike

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The average operating capacity of domestic edible oil refineries has increased by 15 per cent in the past two months following an increase in the import duty on crude and refined oil.

The average operating capacity of domestic edible oil refineries had declined to 30 per cent in August, rendering their operations unviable. With the increase in the import duty on crude palm oil (CPO) and refined, bleached and diodised (RBD) palmolein to 15 per cent and 25 per cent from 7.5 per cent and 15 per cent, respectively, the average operating capacity of domestic edible oil refineries has risen to