14 March, 2018 Demand slips on Linseeds oil at the Vashi oils and oilseeds wholesale market following sluggish demand from paint and related industries. Linseeds oil are eased in terms of rupees by Rs 2 per 10 kg to…
Tag: edible oil
Edible oil industry demands hike of soyabean oil import duty
6 March, 2018 The government has recently increased import duty on crude palm oil to 44 from 30 per cent, while custom duties on refined palmolein and refined palm oil has been raised to 54 per cent from 40…
Edible oil market in India crossed Rs 1.3 trillion in 2017
7 Feb, 2018 People in India are giving up on ‘loose oil’ sold in grocery stores and are going in branded edible oil. As per data from market research has revealed that the edible oil category had overtaken dairy to become…
Import duty on cotton seed oil, olive oil raised
3rd Feb, 2018 The import duty on crude soyabean oil is 30 per cent, crude sunflower oil 25 per cent and crude rapeseed oil 25 per cent until the Budget was announced wherein the import duty was raised. The government…
Increase in local oilseed crop leads to reduction in vegetable oil imports by 10 per cent
Indian refiners dropped overseas soyoil purchases after supplies from the local crop had risen. As a result the import of vegetable oil in India fell by 10 percent from a year ago to 1.1 million tonnes a trade…
Cargill launches high oleic canola oil
Global food company Cargill has introduced new high oleic canola oil with less saturated fat in the global market. The company claims that its new oil product is produced using canola hybrid that contains 4.5% or less saturated fat, which…
Ruchi Soya focuses to boost capacity utilization benefits
As the government had almost doubled the import duty on all edible oils in November that will likely have a positive impact on the domestic edible oil prices. This move works in favor of the farmers as they…
Edible oil industry can receive impetus with good trade plans
The effect of hike in import duty of edible oil is now seen in mandis across the country .Central government on November 18 almost doubled the import duty on all variants of edible oils. The hike worked in favour of…
Cargill FoodsIndia to expand its food retailing business
Cargill FoodsIndia is expanding its food retailing business in the country to include more edible oil brands, wheat derivatives, and vegetable proteins. At present, the company markets wheat flour, edible oil, and food ingredients. It also trades in grain, oil…
ICAR aims to raise oilseed output by 40% by 2022
Government’s agri-research body, ICAR aims to increase oilseeds production by 40 per cent in the next five years to 45 million tonnes by getting more area under cultivation and raising crop yield. Indian Institute of Oilseeds Research Director, A Vishnuvardhan…
