Domestic Edible Oil

The association has argued that a 15 per cent duty difference would help reduce refined palmolein imports and replace the same with crude palm oil imports

Even the opinion of farmers' groups seems divided after AIKS comes out in support

Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1

However, achieving self-sufficiency in edible oil will remain a distant dream unless drastic policy measures are taken

At the same time, 67% of respondents pruned spending in other areas to pay for higher edible oil prices

Union Minister for Consumer Affairs, Food and Public Distribution, Piyush Goyal, said domestic prices of edible oil haven't surged as much as global rates, which have been very high over the last year

The edible oil maker's market capitalisation is up nearly 300 times since the beginning of November last year and 70 times since its acquisition by Pantanjali Ayurved under the IBC

With hotels and food processing units still shut, and with labour and logistics hiccups, edible oil availability in April has been 1.5 million tonnes as against the usual 2 million tonnes

Higher purchases by the world's biggest edible oil importer could support palm oil prices that are under pressure due to sluggish demand amid an expected rise in production

For existing inventory, companies to offer discount on package's existing MRP