Dated June 20, Kuria’s letter highlighted the critical role played by the edible oils value chain in determining the overall cost of basic food commodities in the nation. The goal is to encourage investments in domestic production and establish a fair pricing structure for edible oils. ADVERTISEMENTWith the elimination of the duty, the cost of importing crude oil, a major component in edible oil production, is expected to decrease. ADVERTISEMENTCS Moses Kuria writes to Treasury on removal of 35% duty on edible oils [Photo] Pulse Live KenyaWith increased domestic production, there will be a more consistent and reliable supply of edible oils, reducing the dependence on imported products. EconomyBy reducing the dependence on imported edible oils, the government aims to strengthen the local manufacturing sector and boost the overall economy.

Source: Daily Nation June 21, 2023 05:51 UTC