India reportedly considering an edible oil import duty hike to support farmers, according to Bloomberg

India's potential plans to increase import duties on edible oils could signal a significant shift in supply dynamics for these commodities.

Newsquawk StaffPublished 18 May 2026, 11:38 UTCOn the live feed at 11:18 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

11:26

BCB poll: Economists see 2026 interest rate Selic at 13.25% (prev. 13.00%); sees 2027 Selic rate at 11.25% (prev. 11.25%)

11:26

The UK's No.10 declines to deny report saying fuel duty rise planned for September to be scrapped

11:18

India reportedly considering an edible oil import duty hike to support farmers, according to Bloomberg

11:17

Newsquawk Daily US Conference Calendar - 18th May 2026: LITE, VZ, CSCO, TMUS, WDC, IBM, F, INTC, JPM, MA, META, MSFT, NET, NFLX

11:10

Reliable news sources report a massive explosion at the entrance to the Bab al-Mandab Strait into the Red Sea last night, via IRIB News

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This move is likely aimed at protecting domestic producers but could also lead to higher prices in the domestic market, impacting inflation and trade balances. Traders should watch for potential reactions in related markets, especially in oil and agricultural sectors, as well as shifts in price behaviors associated with this policy change.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.