→ Following the government's 10% import duty cut on crude edible oils on May 30, companies have begun lowering prices, with retail rates expected to drop by 5–7% in the coming weeks. → Major brands like Dhara and others have already reduced selling prices, while the edible oil industry confirms that price adjustments are underway and will soon reflect in MRPs. → India imports 57% of its edible oil needs (around 25 MT annually) from countries like Malaysia, Indonesia, Argentina, Brazil, Russia, and Ukraine, and firms are expected to pass on the cost benefits after exhausting high-cost inventory.