Page 3 - Edible Oil

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

World food prices rise for 2nd consecutive month, hit 10-year peak: FAO

FAO's food price index, which tracks international prices of the most globally traded food commodities, averaged 130.0 points last month, the highest reading since September 2011

Emami Agrotech eyes Rs 25,000 crore turnover by 2025 with new plant

The Rs 600 cr greenfield unit at Kandla will take Emami's total edible oil production capacity to over 12,000 TPD from 9,000 TPD earlier

Govt cuts custom duties on edible oils to check prices in festive season

The government has slashed base custom duties on palm oil, soyoil and sunflower oil to ease elevated level of edible oil prices, according to the Finance Ministry. The base import tax on crude palm oil has been reduced to 2.5 per cent from 10 per cent, while the tax on crude soyoil and crude sunflower oil has been reduced to 2.5 per cent from 7.5 per cent, the Finance Ministry said in a notification issued late on Friday. The notification came into effect from Saturday. With the reduction, the effective duty on crude palm oil, crude soyoil and crude sunflower oil will come down to 24.75 per cent whereas effective duty on refined palm oil, soyoil and sunflower oil will be 35.75 per cent, Solvent Extractors' Association of India (SEA) executive director B V Mehta told PTI. The fresh round of cut could bring down the retail prices by Rs 4-5 per litre, he said, adding, it is also generally seen that prices harden in international market after India reduces its import duty so the real .

Collect details of edible oil, oilseeds stocks to check hoarding: Centre

Centre on Thursday asked state governments to gather details about stocks of edible oils and oilseeds from traders, millers, refiners and other stockists

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.

Edible oil prices to begin softening from December: Food secretary

Retail prices of edible oils in India, which imports 60 per cent of its requirement, have shot up to 64 per cent in the past just one year, in line with the global developments.

Crop sowing lags in India on scanty rains, raises concerns over yields

A drop in production could not only limit rice and cotton exports, but also boost imports of edible oils

India reduces soyoil, sunflower oil import tax to calm prices

The tax reduction could increase imports of soyoil and sunflower oil in Sept, although a big jump is unlikely as the lower duty is only applicable for a short period until Sept. 30

PM announces Rs 11,000 cr plan to make India self-sufficient in edible oil

Targets to raise domestic palm oil production three times to 1.1 mn tonnes by 2025-26

Sunflower oil imports could jump to record as prices dip below soyoil

India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output.

Prices of pulses decline on stock limits; edible oil still rising

Industry players and experts say there has been a vast difference in the way the prices of the two commodities have been controlled

Why traders are upset over govt response to rising pulse,edible oil prices

The slash in import duties on crude palm oil has been negated by price rise in global markets, stock holding limits on pulses are self-defeating, say industry players

Centre says curbs imposed on pulses as prices still higher than last year

Traders cry foul over stock limit, free refined imports

Govt puts on hold proposal to cut import duty on edible oils: Report

Household consumption is expected to decline the longer prices remain elevated.

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.

Explained: Why is India losing sleep over record high vegetable oil prices?

The government is considering reducing taxes on vegetable oil imports after cooking oil prices hit record highs last month

How pulses and edible oil could exacerbate the pain on the inflation front

A mix of short- and long-term policies to contain price rise in these two commodities while keeping an eye on the interest of the cultivator could be the balm India is looking for

Govt considering edible oil import tax cut to lower prices, says report

The government will make a final decision to cut the taxes sometime this month