India grants duty concessions for corn, vegetable oil imports

MUMBAI, June 26 (Reuters): India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation.

India is the world's biggest importer of vegetable oils such as palm oil, soyoil and sunflower oil and the top producer of milk.

India has allowed imports of 150,000 metric tons of sunflower oil or safflower oil, 500,000 tons of corn, 10,000 tons of milk powder and 150,000 tons of refined rapeseed oil, the government said.