According to experts, India might face a 300,000-ton cooking oil shortage in May, with the only option to cope with the problem being to reduce…
View More Palm oil: As prices rise and worries of a scarcity grow, distributors revert to panic purchasing.Category: Edible Oil
To stop black marketing and rising retail prices of edible oils, govt launches inspection drive
To curb black marketing of edible oils and oilseeds, to capture rising retail prices and increase their availability, the Indian government is starting an inspection drive.…
View More To stop black marketing and rising retail prices of edible oils, govt launches inspection driveIndia buys 45,000 tonnes of Russian sunflower oil at a record high price as Ukraine’s supply halts
As edible oil prices in the local market surged after supplies from rival Ukraine stopped, India has contracted 45,000 tonnes of Russian sunflower oil at…
View More India buys 45,000 tonnes of Russian sunflower oil at a record high price as Ukraine’s supply haltsSEA appeals to edible oil players to reduce their minimum retail price
As domestic edible oil prices are showing no sign of going down in view of global developments, the Solvent Extractors Association of India (SEA) has…
View More SEA appeals to edible oil players to reduce their minimum retail priceIndia cuts its tax on crude palm oil (CPO) imports to 5% from 7.5%
India, the world’s biggest edible oil importer, tries to rein in local prices of the commodity and help domestic refiners and consumers. Hence, the government…
View More India cuts its tax on crude palm oil (CPO) imports to 5% from 7.5%SEA requests Centre to limit import of refined palm oil to save local refining industry
According to SEA, the reduction of the import duty difference between refined and crude palm oil has the potential to kill the domestic refining industry…
View More SEA requests Centre to limit import of refined palm oil to save local refining industryRelief for consumers, as major edible oil companies reduce the MRP of their products by 10-15 per cent
According to the Solvent Extractors Association of India (SEA), to provide relief to consumers, many major edible oil companies, like Adani Wilmar and Ruchi Soya,…
View More Relief for consumers, as major edible oil companies reduce the MRP of their products by 10-15 per centThe government reduced the import duty on refined palm oil from 19.25% to 13.75%
India has slashed import duties on refined palm oil, and this step, according to many big edible oil companies, will make their products 3.5–5% cheaper…
View More The government reduced the import duty on refined palm oil from 19.25% to 13.75%As duty change favours to soft oils, Indian Palm oil industry dreads dip in demand for local palm oil
The palm oil sector in India has undergone multiple changes to its taxation structure due to inflation and prices hitting record highs all this has…
View More As duty change favours to soft oils, Indian Palm oil industry dreads dip in demand for local palm oilFSSAI says FBOs can make nutrient function claims for certain edible oils
The FSSAI has elucidated the use of claims on Multi Sourced Edible Oil (MSEO) and stated that food businesses can make nutrient function claims. Multi…
View More FSSAI says FBOs can make nutrient function claims for certain edible oils