Edible oil

Edible Oil News

Sharp drop in edible oil sales in November

Demand expected to stay good with onset of wedding season.

December 14, 2022 01:45 IST

"Overall imports into the country would not be affected and it will have no impact on edible oil inflation. On the contrary, it will help improve capacity utilisation and employment generation in our country," SEA assured.

SEA urges govt to hike refined palm oil import duty to 20pc to save local refiners

The association urged that the minister look into this issue and take steps to “save the domestic palm oil refining…

November 24, 2022 18:33 IST

India’s edible oil import bill up 34 pc at Rs 1.57 lakh cr: SEA

According to SEA, high volatility in palm oil prices this year affected India’s palm oil buying.

November 14, 2022 17:31 IST

PM flags high import bill of edible oils and fertilisers

The prime minister was addressing a gathering here after rolling out several farm-related projects.

October 18, 2022 02:20 IST

This led to an increase in India's import of RBD palmolein and quantities have risen sharply in August and September, it added.

India’s refined palm oil imports jump 2.7 times in last 11 months

As a result, the country’s CPO imports have declined to 52.37 lakh tonne during the November-September period of the 2021-22…

October 13, 2022 18:51 IST

Due to prevailing higher prices of castor seeds, farmers have opted for castor crop over groundnut in Gujarat and Rajasthan – the two major castor seed producing states, said Atul Chaturvedi, president of SEAI. (Representative image/ File photo)

Kharif castor sowing rises by over 1,00,000 hectare in 2022-23 season: SEAI

Earlier this year, prices of all edible oils, including castor oil, increased sharply in wake of Russia-Ukraine war. Although prices…

September 30, 2022 00:45 IST

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Edible oil prices seen stable in short term

Godrej Agrovet, Patanjali Foods and 3F Oil Palm Agrotech Industries account for a major chunk of the country’s oil palm…

September 23, 2022 02:00 IST

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Govt extends concessional import duties on edible oil by six months till March, 2023

Similarly, the basic customs duty on refined soyabean and sunflower oil is 17.5% taking into consideration 10% social welfare cess,…

September 2, 2022 03:15 IST

Edible oil makers asked to remove packing temperature details

The move comes amid rising consumer complaints against edible oil brands regarding unfair trade practices.

August 25, 2022 17:28 IST

Currently, around 0.35 million hectare (MH) is under palm plantation. Under the mission launched last year, an additional area of 0.65 MH will be brought into palm plantations by 2025-26.

Govt plans to reduce import dependence on palm oil by 25-30%

India’s annual imports are around 13-14 MT. Around 8 MT of palm oil is imported from Indonesia and Malaysia, while…

August 12, 2022 03:30 IST

Since May, the global price of palm oil has been declining after Indonesia, the biggest exporter of the item, removed a ban on shipment.

Edible oil manufacturers agree to cut prices in tandem with global trend

The cooling of global prices which rose sharply in May 2022 when Indonesia, the world’s biggest exporter of palm oil,…

August 5, 2022 01:50 IST

Food ministry wants further cut in edible oil prices

Landed prices of palm & sunflower oils drop 14% in a month.

August 3, 2022 00:40 IST

In a report tabled in Parliament on Thursday, the Parliamentary committee on commerce stated that undue reliance on import and “over-emphasis on stockpiling of grains like wheat and rice has stymied the development of the edible oil sector”.

House panel blames import reliance for price rise in edible oil

The report on the Implementation of Districts as Export Hubs, including the One District One Product initiatives, the panel also…

July 22, 2022 01:05 IST

Patanjali Foods to soon reduce prices of palm, sunflower, soyabean oil by Rs 10-15/litre

Following the Centre’s direction, Mother Dairy has reduced prices by up to Rs 14 per litre and Adani Wilmar by…

July 19, 2022 17:24 IST

Edible oil retail prices to see sharp fall

To curb rising inflation, the government on May 24 allowed tariff-free imports of crude soyabean and sunflower oils during this…

July 19, 2022 03:45 IST

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Adani Wilmar cuts prices of edible oil by up to Rs 30 per litre

The maximum reduction has been done in soyabean oil. The stocks with new prices will reach market soon.

July 18, 2022 14:05 IST

India’s palm oil imports rise marginally to 5.90 lakh tonnes in June: SEA

India, the world’s leading vegetable oil buyer, imported 5,87,467 tonnes of palm oils in June 2021.

July 13, 2022 15:40 IST

Following the directive, Mother Dairy, on Thursday, reduced the prices of soyabean and rice bran oil up to Rs 14 per litre. It expects a reduction of MRP of sunflower oil in the next 15-20 days.

Govt expects more companies to reduce MRP of edible oils

Amid cooking oil prices ruling high in the domestic market, the government on Wednesday directed edible oil companies to reduce…

July 8, 2022 18:26 IST

Similarly, the landed cost of crude soyabean and sunflower oils declined by 24% and 14% to $1,400 and $1,750 a tonne, respectively, in just one month.

Global edible oil prices fall sharply to soften domestic prices

Palm oil prices decline more than 33% in a month

July 8, 2022 05:40 IST

The food ministry held the meeting with representatives of leading edible oil makers and processors associations, including Adani Wilmar, Ruchi Soya, Mother Dairy, SEA, Soyabean Processors Association of India and Vanaspati Manufacturers Association of India.

Edible oil firms to cut prices by Rs 10/litre after govt diktat

Similarly, Mother Dairy, one of the leading milk suppliers in Delhi-NCR, last month reduced prices of the cooking oils by…

July 7, 2022 06:15 IST

"We made a detailed presentation and told them that global prices have declined by 10 per cent in last one week alone. This should be passed on to consumers. We have asked them to reduce the MRP," Pandey told PTI after the meeting.

Govt asks companies to cut edible oils price by up to Rs 10/L, maintain uniform MRP of same brand oil

For instance, the companies are printing stating that edible of 910 gram is packed at 15 degrees celsius, but the…

July 6, 2022 19:32 IST

In June import duty on edible oils was ranging from 35 to 55 percent, since then the government gradually reduced import duty and at present it is ranging from zero percent to 15 percent on different edible oils, he said.

Most edible oil mills shut, stocks of oilseeds almost exhausted

GEOA has also made representation before Union Minister for Commerce & Consumer Affairs, Piyush Goyal to increase import duty.

July 1, 2022 00:53 IST

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