The duty-free import of 20 lakh MT per year will be applicable for two fiscals, 2022-23 and 2023-24, for crude soyabean oil and crude sunflower oil, according to a notification by the Finance Ministry.
Urging consumers to not resort to panic buying, the Odisha Traders’ Association on Monday said that the State has sufficient stock of Sunflower oil as of now and there is no need to worry.
Noting that there is sufficient stock of sunflower oil in India for the next two months, he said that for the past 20 days shipments from Ukraine were getting delayed and the vessels were getting bunched up.
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