Page 5 of Edible oil

"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

Food inflation: Falling edible oil prices to cool inflation a tad

Sources said it would watch the market situation before taking a call on whether to make palm oil imports also…

June 20, 2022 03:45 IST

From plate to plough: For edible oil atmanirbharta Premium Story

Small-holders joining the palm oil mission will need support over the gestation period.

Updated: June 20, 2022 08:30 IST

On May 24, the government had notified TRQ of 20 lakh metric tonne of crude soybean oil and crude sunflower oil each for 2022-23 and 2023-24.

SEA pitches for zero import duty on soyabean, sunflower oils till Sep instead of TRQ system

TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after…

June 9, 2022 20:10 IST

According to department of consumer affairs, retail prices of wheat have increased by more than 13% to Rs 30 a kg compared to year-ago period. However, rice prices have witnessed a moderate increase of around 1.7% to Rs 36 a kg.

Retail prices of wheat, edible oil & tomato witness sharp spike

Traders say that factors such as heat waves during March-April have adversely impacted the yield of wheat and tomato, thus…

June 9, 2022 05:45 IST

Global edible oil prices moderate, but higher than last year

Global crude palm oil, which accounts for about 61% of the country’s edible oil import, declined around 4% to $1,700…

May 26, 2022 02:00 IST

Tax relief on edible oils, sugar export cap soon

The government may also slash the customs duties on crude canola, rice bran and olive oils from a hefty 38.5%.

May 25, 2022 05:45 IST

"This will provide significant relief to the consumers,” the CBIC tweeted.

Govt allows duty-free import of 20 lakh tn per yr of crude soyabean, sunflower oil

The duty-free import of 20 lakh MT per year will be applicable for two FYs (2022-23, 2023-24) for crude soyabean…

Updated: May 24, 2022 22:43 IST

Quoting President Joko Widodo, Reuters reported that Indonesia will lift its palm oil export ban following improvements in the domestic cooking oil supply situation.

Edible oil prices to come down as Indonesia lifts export ban

India imports about 55% of its annual edible oil consumption. Annual imports of edible oil is around 13 million tonne…

May 20, 2022 04:00 IST

Indonesia and Malaysia are the world's largest exporters of palm oil, which plays an important role in their economies. They account for 85per cent of global palm oil production.

Indonesia lifts ban on cooking oil export as supply improves

Pressure on the global supply of cooking oil has increased because of the war in Ukraine, which accounts for nearly…

May 19, 2022 18:39 IST

Edible oil, vegetables drive food inflation

Inflation in prices of chicken rose by more than 13.77% in April 2022, while the overall food inflation in the…

Updated: May 13, 2022 09:17 IST

Inflation in prices of chicken rose by more than 20.74% in March 2022, while the overall food inflation in the meat & fish category was 9.63%. However, inflation in fish and prawn prices witnessed a moderate increase of 3%.

Among food items, wheat, key vegetables, edible oils post sharpest price rise

Trade sources told FE that demand for poultry meat has been rising steadily since the beginning of the year, while…

May 6, 2022 05:30 IST

Edible oil prices could fall by up to 15% in June, says Adani Wilmar CEO

Adani Wilmar took an average price hike of 30-35% in the edible oil segment during the quarter ended March 31.…

May 4, 2022 02:45 IST

Indonesian president Joko Widodo on Friday, announced the suspension of all cooking oil and raw material exports from April 28 until further orders. The decision comes in the wake of a severe shortage and skyrocketing prices for edible oil in the southeast Asian nation.

Edible oil prices may rise 15-20% as Indonesia bans palm oil exports

The world annually consumes around 240 million tonne of edible oil, of which 80 million tonne (34 %) is palm…

April 25, 2022 00:05 IST

Govt aims to rein in edible oil imports with push to domestic sunflower production

Measures to revive sunflower production, which used to be grown on 2.66 million hectare (mh) in 1993-94, will include supply…

April 20, 2022 05:00 IST

Govt begins inspection drive to curb hoarding of edible oils, oilseeds: Food Secretary

Pandey said that a central team along with state government officials is conducting inspections in various oilseeds and edible oil-producing…

Updated: April 4, 2022 21:13 IST

“The decision was taken after deliberations at the highest level on the upward price trends of all edible oils owing to the current geopolitical situations across the globe,” according to a statement by the Ministry of Consumer Affairs, Food and Public Distribution (MCAFP).

Edible oil stock holding limits extended till December 31, 2022

In October 2021, the government had imposed stock holding limits on edible oils and oilseeds till March 31, 2022. However,…

April 1, 2022 02:45 IST

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