After a steady three-month rise, international edible oil prices have witnessed a sharp downturn. Shankar Thakkar, president of the All India Edible Oil Traders Federation,…
View More Sharp Decline in Edible Oil Prices After Continuous Surge; Traders Advised Caution
The edible oil industry has urged the government to reinstate futures trading in crude palm oil and crude soybean oil, citing its critical role in…
View More Edible Oil Industry Appeals for Futures Trading to Support Farmers, Stabilize Prices
India’s edible oil imports declined by 3.09% in the 2023-24 oil marketing year, reaching 159.6 lakh metric tons, according to the Solvent Extractors Association of…
View More India’s Edible Oil Imports Dip 3% to 159.6 Lakh Tons in 2023-24: SEA Report
The global soybean market is experiencing downward pressure on prices, driven by expectations of record production. Shankar Thakkar, president of the All India Edible Oil…
View More Soybean Prices Decline Amid Record Global Production Forecasts
Amid a broader slowdown in India’s fast-moving consumer goods (FMCG) sector, Adani Wilmar, the nation’s largest edible oil supplier, reports strong demand for kitchen essentials…
View More Adani Wilmar Sees Resilient Demand for Cooking Oil Amid FMCG Slowdown
Prices for biscuits, snacks, detergents, and soaps are set to rise by 6-7% in the next quarter following the government’s decision to increase customs duty…
View More Price Hikes Loom for Biscuits and Snacks as Customs Duty on Edible Oils Rises by 20%
Extreme weather events are significantly impacting grocery prices, with olive oil emerging as one of the most affected products. Mediterranean droughts have caused a dramatic…
View More Olive Oil Crisis: Climate Change and Fraud Could Make Your Olive Oil Unfit for Consumption
Indian refiners have cancelled 100,000 metric tons of palm oil purchases scheduled for delivery between October and December, following New Delhi’s decision to raise import…
View More Indian Refiners Cancel 100,000 Metric Tons of Palm Oil Purchases Amid Duty Hike and Price Surge
The government has called on edible oil companies to explain the recent spike in retail prices, despite assurances of adequate stock levels and lower import…
View More Govt Demands Explanation from Edible Oil Cos Over Rising Prices
The Indian government has called on edible oil producers to refrain from increasing retail prices, despite a recent hike in import duties. The Food Ministry…
View More Govt Urges Edible Oil Cos to Hold Retail Prices Amid Duty Hike; 3 million tons of Low-Duty Imports Available