Page 2 - Edible Oil Market

Edible oil may get cheaper temporarily as Centre imposes stock holding caps

As India imports around 60% of its annual edible oil requirement, any bullishness in global markets will have an impact on domestic prices

Hit by Covid-19, India's edible oil imports seen at lowest in six years

MUMBAI (Reuters) -India's imports of edible oil could fall to their lowest in six years, contracting for a second straight year because of the coronavirus outbreak and demand squeezed by record prices, a senior industry official said on Wednesday.

Rats, drought and labour shortages eat into global edible oil recovery

Malaysia, the world's second-largest producer of palm oil, is facing a perfect storm of production headwinds that will likely drag global stocks to their lowest level in five years.

PM Modi announces mission to make India self-sufficient in edible oils

Modi stressed on reducing the dependence on imports

Average retail prices of edible oils rise up to 52% in July: Govt

Average prices of edible oils in retail markets have increased by up to 52 per cent in July compared to the year-ago period, according to official data.

Govt's edible oil duty cut to have little impact on prices, say traders

This is because corresponding prices in the international markets have moved up, nullifying the impact of duty cut.

Govt says edible oil prices softening; nearly 20% decline in some cases

The price of soya oil was Rs 162 per kg on May 20 and now, it has come down to Rs 138 per kg in Mumbai.

Edible oil industry cautions against import duty cut to cool down prices

Says move ahead of planting season could have negative impact on growers

Import dependence

India must attain self-sufficiency in edible oils

India's protesting farmers hold key to self-reliance in edible oils

Indian farmers have the power to help slash a huge annual bill of $10 billion for imports of vegetable oils

'Ban on blending to boost mustard seeds production, cut edible oil imports'

"To produce 5 lakh tonnes of mustard oil, we will require 12-15 lakh tonnes of extra mustard seeds," Mallick said

FSSAI mulling mandatory fortification of edible oil with vitamins A and D

Vitamins A and D strengthen the immune system, which is critical in times of Covid-19 pandemic, it added

Edible oil import in June touches 8-month high of 1.16 million tonne

In November-June period, import declined 15 per cent year-on-year

Centre asks states to bring law preventing loose edible oil sales

Consumer affairs ministry has received several complaints about adulteration. Industry experts believe loose edible oils often contains banned chemicals introduced by uscrupulous manufacturers

Covid-19: Emami's edible oil sales in April-June quarter takes a hit

However, the company hopes to maintain sales and profitability for the year as sales of consumer packs are likely to grow by 15-20 per cent

Indian edible oil demand may recover in first quarter next year: Analyst

The director of Indian consumer goods company Godrej International Ltd, added that India needed to raise import taxes on edible oils to boost local oilseed output

Low duties, inadequate incentives keep the target slippery for edible oils

India's oil marketing year runs from November to October and during 2018-19 vegetable oil imports were up 3.5 per cent to 15.55 million tonnes

Low number of free-float pushes Ruchi Soya Industries to record high

The edible oil maker's market capitalisation is up nearly 300 times since the beginning of November last year and 70 times since its acquisition by Pantanjali Ayurved under the IBC

Edible oil firms to buy seeds directly from empanelled farmers and APMCs

Large and mid-sized firms are likelt to save some costs using this mechanism, some of which will be passed on to farmers

India's edible oil import falls 40% in May, lowest since 2011: SEA

India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.