Cooking oil prices are anticipated to go down progressively from June as Indonesia, the largest producer and exporter of palm oil, has announced it will…
View More Indonesia lifts its ban on palm oil exports; high cooking oil prices are expected to fallCategory: Edible Oil
India has sufficient supply of edible oils; Food Ministry
“India has an abundant supply of all edible oils.” According to industry sources, the current supply of all edible oils in the nation is around…
View More India has sufficient supply of edible oils; Food MinistryPalm oil: As prices rise and worries of a scarcity grow, distributors revert to panic purchasing.
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.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%