Govt may impose 5 pc import duty on crude edible oil
Import duty on refined edible oils would also be hiked, but it would be lower than 15 per cent, sources said.
The government is considering to increase duty on edible oil to curb cheaper imports from Malaysia, sources said.
Besides edible oils, the meeting also discussed sale of wheat to bulk consumers such as flour millers and biscuit makers under OMSS.
The Food Ministry is preparing a proposal to cut wheat prices under the scheme to boost sales, sources said.
On wheat exports, the government may consider allowing further shipments from its stocks.
Already, the Centre has allowed 4.5 million tonnes of wheat from FCI godowns to clear surplus stock and ease storage crunch.