Cooking Oil

Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices and may lift soyoil imports to record highs and support U.S. soyoil futures price

Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.

The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels.

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

The shipment halt will start from April 28 and last until the government deems the shortage resolved, said President Joko Widodo in a Friday briefing.

In March, 539,793 tonnes of palm oil landed in India, up from 454,794 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement

This subsidy is not available for imports done at other ports and so there is a clamour to get the ships only at these ports, four industry sources with direct knowledge of the matter said

At the same time, 67% of respondents pruned spending in other areas to pay for higher edible oil prices

India imports more than 90% of its sunflower oil from Russia and Ukraine, though sunflower oil accounts for about 14% of its total edible oil imports.

A meeting chaired by Food and Consumer Affairs Minister Piyush Goyal on Friday, reviewed the supply situation of cooking oils, including sunflower oil

Ukraine and Russia are not only major suppliers of wheat, corn and barley, but they also ship more than 75% of global exports of sunflower oil, one of the world's four leading edible oils.

Consumption is expected to climb in India by as much as 17% over the next four years

India has cut base import taxes on palm oil, soyoil and sunflower oil, a government order showed, as the world's biggest vegetable oil buyer tries to cool near-record price rises

Food regulator FSSAI has asked states to effectively enforce the decision to ban blending of mustard oil with any other cooking oil from June 8.

Food safety regulator FSSAI on Friday said it has collected 4,500 samples of edible oils from across the country for quality testing

Adani Wilmar, Vimal, Dhara are coming up with healthier alternatives for cooking oils as they seek a smooth ride up the value chain

Govt considering proposal to allow conversion of used cooking oil into biodiesel