Page 2 - Edible Oil

Import allowed under open general licence to check edible oil prices

Union Minister of State for Consumer Affairs, Food and Public Distribution said India imported 62.84 lakh metric tonnes (LMT) of palm oil from June 2021 to 14th March 2022.

Our vision is to cut edible oil imports totally, says Ruchi Soya

Edible oil and food products major Ruchi Soya Industries, which will launch its Rs 4,300-crore follow-on public offer in the next few days, intends to reduce its edible oil imports in 5 to 7 years

India asks Indonesia to raise palm oil supply as prices spike: Report

Ukraine and Russia accounted for nearly 13% of India's edible oil imports last year, supplying 1.6 million tonnes.

Ukraine crisis might push edible oil rates up; wheat exports could gain

Reports said Lebanon, which imports 60% wheat from Ukraine has started talks with India after the crisis

Effective duty on crude palm oil cut to 5.5% to cool edible oil prices

With edible oil prices ruling high throughout last year, the government had on multiple occasions cut import duty on palm oil to increase domestic availability.

India struggles to contain vegoil prices as Indonesia restricts exports

Mindful of an electorate that is highly sensitive to food price inflation, India's government tried to rein in domestic prices by reducing import taxes

Reducing edible oil imports

India needs a stable policy framework

Adani Wilmar finalises issue price of Rs 3,600-cr IPO at Rs 230 per share

Edible oil major Adani Wilmar on Friday finalised the issue price of its Rs 3,600 crore initial public offering (IPO) at Rs 230 per share.

Strategies to boost edible oil output won't succeed sans firm purchase plan

Despite MSP spike and higher acreage and yields, India's dependence on imported cooking media has only grown

2.4% of 4,461 different edible oils samples found to be sub-standard: FSSAI

About 2.42 per cent of the 4,461 samples of different edible oils from 587 districts and four metros are found to be non-compliant with safety parameters, food safety regulator FSSAI said on Wednesday

Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA

Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 per cent to provide relief to consumers, industry body SEA said on Monday. The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and Nutrella brands), Emami (Healthy & Tasty brands), Bunge (Dalda, Gagan, Chambal brands) and Gemini (Freedom sunflower oil brands), it said. COFCO (Nutrilive brands), Frigorifico Allana (Sunny brands), Gokul Agro (Vitalife, Mahek and Zaika brands) and others have also reduced prices, it added. "We are happy to share that our leading members have responded proactively and reducedP on edible oils marketed by them, across the board by 10-15 per cent to provide relief to consumers during the festival season," Solvent Extractors Association of India (SEA) said in a statement. With a view to providing succour to consumers, Union Food Secretary Sudhanshu Pandey had ...

'Edible oil prices down Rs 8-10 per kg in last 30 days; may fall further'

Edible oil prices declined by Rs 8-10 per kg in last one month mainly on the back of lower import duties and may fall by Rs 3-4 per kg in coming months

Of 2.8 mn hectares, 58% potential oil palm acreage lies in 5 states: ICAR

According to officials, the new mission plans to raise oil palm cultivation to one million hectares by 2025-26 and 1.7-1.8 million hectares by 2029-30.

58% of potential oil palm acreage identified in five states: ICAR study

Govt says ICAR analysis shows oil palm requires less water than rice, banana and sugarcane; large-scale deforestation a concern

Global agri major Cargill buys edible oil refinery in Nellore for $35 mn

The investment will expand Cargill's edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand

Entry of competitors will open up branded oil market: Adani Wilmar CEO-MD

In a Q&A, Angshu Mallick shares the company's road map towards becoming a nationwide branded food staples consumer major

UP imposes stock limit on storage for edible oils ranging from 1-25 tons

Other states like Haryana, Gujarat and Rajasthan are in the process of issuing similar notifications.

18 states to impose stock limits on edible oils ahead of Diwali festivities

Move aimed at easing prices; decision conveyed at a meeting today; UP has already imposed limits

Centre to hold meeting with states to review edible oil stock holding order

Centre said it is monitoring prices of cooking oils as demand rises during festive season and will hold a virtual meeting with states on October 25 to review action on its stock holding limit order

Pass on to consumers Rs 15-20/kg benefit in edible oil prices: Govt

The cut in import duty and cess, effective from October 14, will remain in force till March 31, 2022.