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%Category: Edible Oil
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 oilsCooking oil retail prices may cool down by Rs. 6-8/kg as govt reduces import duty
With festival season going on, the Indian government has brought some relief to the consumer by cutting import duties on cooking oils as prices have…
View More Cooking oil retail prices may cool down by Rs. 6-8/kg as govt reduces import dutyWith Festivals Around the Corner Government Further Cuts Custom Duties on Edible Oils
As festivals are around the corner, the government is taking step to control rising edible oil prices by reducing base custom duties on palm, soyabean…
View More With Festivals Around the Corner Government Further Cuts Custom Duties on Edible OilsAverage prices of edible oils in retail markets increases by 52 per cent
Though the Minister of State for Food and Consumer Affairs Ashwini Kumar Choubey claims that the government has taken several measures with respect to essential…
View More Average prices of edible oils in retail markets increases by 52 per centPatanjali to start palm oil plantations in North East
Patanjali group-led is all set to start palm oil plantations in Assam, Tripura, and other North-Eastern states. Ruchi soya has already done field surveys for…
View More Patanjali to start palm oil plantations in North East