Page 4 - Edible Oil

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

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

Domestic edible oil prices not risen as much as global rates: Piyush Goyal

Domestic edible oil prices have not increased as much as international rates which have been ruling very high over the year, Food Minister Piyush Goyal said on Tuesday in Parliament.

Kraft Heinz, Conagra may raise product prices as grains, edible oil surge

Other major food companies, including Lipton tea and Hellmann's mayonnaise maker Unilever, have also signaled higher prices due to global commodity inflation

Budget: Edible oil industry welcomes agriculture development cess

The edible oil industry on Monday welcomed the announcement of agricultural development cess and the increase in import duty of crude palm oil in the Union Budget 2021-22

Adani Wilmar eyes Rs 50,000 cr turnover in 5 yrs, pins hope on packed food

Completes 20 years of Fortune brand of edible oil and foods with a turnover of over Rs 30,000 crore; sees packaged staples biz at 3x that of cooking oil in 5 years

India's 2020-21 edible oil imports pegged at 12.5-13.5 mn tonne: SEA

Poor demand due to lower out of home consumption in the wake of the Covid-19 pandemic will have a bearing on imports this year.

Indian edible oil refiners trim palm oil imports to make space for soyoil

Refiners have been slashing palm oil imports for winter

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

FSSAI collects cooking oil samples for quality tests to curb adulteration

Food safety regulator FSSAI on Friday said it has collected 4,500 samples of edible oils from across the country for quality testing, a move aimed at curbing sale of adulterated cooking oils in the market. The result of this nationwide quality survey is expected within a month, the Food Safety and Standards Authority of India (FSSAI) said in a statement. The regulator said it has decided to intensify crackdown on the sale of adulterated edible oil with a pan-India surveillance of edible oil, both for the branded and unbranded oil samples. A quality survey was conducted during August 25-27 across all the states and Union Territories. "This nationwide survey, (was) carried out for the first time with over 4,500 samples covering a total of 16 varieties of edible oils, including mustard, coconut, palm, olive, and blended oil," the statement said. Various hilly as well as difficult terrains, including Ladakh, Arunachal Pradesh, Daman & Diu as well as Andaman (UT) have been included as

Industry association urges govt to allow import of only crude palm oil

Edible oil industry body SEA on Thursday said it has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade

Edible oil import expected to fall 13% on sharp drop in consumption

Healthy oilseed output could improve domestic production of edible oil, reducing reliance on imports even further

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 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

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.

Edible oil prices to decline as demand destruction ushers in bearish phase

Shutdown of factories, hotels and restaurants, and a sharp decline in crude prices have all contributed to demand destruction.

Branded edible oil reaches only a few retailers, prices up as stocks fall

With hotels and food processing units still shut, and with labour and logistics hiccups, edible oil availability in April has been 1.5 million tonnes as against the usual 2 million tonnes

Covid-19: Edible oil refineries halve operating capacity over seed shortage

Delay in import clearance also drives curtailment

Edible oil demand to decline during March-April due to Covid-19 lockdown

Hotel, Restaurants and Cafeterias (HoReCa) segment accounts for 40 per cent of the country's total edible oil demand at 230 lakh tonnes annually

Adani Wilmar aims to shake off edible oil tag with new Fortune brand logo

Despite operating now in 5 categories - edible oil, pulses, rice, wheat flour and sugar - over 90% consumers still associate Fortune brand with the cooking medium

Stock of imported edible oil in pipelines, at ports falls to multi-year low

According to data from the Solvent Extractors' Association of India (SEA), the stock of edible oils as on January 1, 2020, at various ports fell to an estimated 860,000 tonnes