US Lifts 25% Duty on India, Dry Fruits & Edible Oil to Get Cheaper

• US withdraws 25% additional duty on India, imposed due to Russian oil purchases, with an Executive Order.
• Condition: Duty will be reimposed if India resumes purchasing oil from Russia.
• Walnuts, almonds, and pistachios to become cheaper as import duties are reduced, some to zero.
• Reduction in dry fruit prices not expected to harm Indian farmers due to limited domestic production.
• Duty also cut on soybean oil and other fruits/vegetables, making edible oil and food items more affordable.