Page 4 - Edible Oil Market

Centre asks states to bring law preventing loose edible oil sales

Consumer affairs ministry has received several complaints about adulteration. Industry experts believe loose edible oils often contains banned chemicals introduced by uscrupulous manufacturers

Covid-19: Emami's edible oil sales in April-June quarter takes a hit

However, the company hopes to maintain sales and profitability for the year as sales of consumer packs are likely to grow by 15-20 per cent

Indian edible oil demand may recover in first quarter next year: Analyst

The director of Indian consumer goods company Godrej International Ltd, added that India needed to raise import taxes on edible oils to boost local oilseed output

Low duties, inadequate incentives keep the target slippery for edible oils

India's oil marketing year runs from November to October and during 2018-19 vegetable oil imports were up 3.5 per cent to 15.55 million tonnes

Low number of free-float pushes Ruchi Soya Industries to record high

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

Edible oil firms to buy seeds directly from empanelled farmers and APMCs

Large and mid-sized firms are likelt to save some costs using this mechanism, some of which will be passed on to farmers

India's edible oil import falls 40% in May, lowest since 2011: SEA

India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.

Govt mulls ban on loose edible oil sales post Covid-19 over health concerns

The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight

Branded edible oil reaches only a few retailers, prices up as stocks fall

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

Edible oil industry shaken on news of oil-for-sugar deal with Indonesia

Units are miffed at the move as there is a lot of idle capacity in the country; sugar industry, on the other hand, has welcomed the development

Edible oil makers cut prices by up to Rs 2/litre

Reduction in prices reflects ongoing trend in international market