Page 6 - Edible Oil

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 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

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.

Edible oil prices to decline as demand destruction ushers in bearish phase

Shutdown of factories, hotels and restaurants, and a sharp decline in crude prices have all contributed to demand destruction.

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

Covid-19: Edible oil refineries halve operating capacity over seed shortage

Delay in import clearance also drives curtailment

Edible oil demand to decline during March-April due to Covid-19 lockdown

Hotel, Restaurants and Cafeterias (HoReCa) segment accounts for 40 per cent of the country's total edible oil demand at 230 lakh tonnes annually

Adani Wilmar aims to shake off edible oil tag with new Fortune brand logo

Despite operating now in 5 categories - edible oil, pulses, rice, wheat flour and sugar - over 90% consumers still associate Fortune brand with the cooking medium

Stock of imported edible oil in pipelines, at ports falls to multi-year low

According to data from the Solvent Extractors' Association of India (SEA), the stock of edible oils as on January 1, 2020, at various ports fell to an estimated 860,000 tonnes

Import of edible oil drops 50% in two months on 5% safeguard duty

The safeguard duty was imposed on August 26 on RBD palmolein, primarily imported from Malaysia

Edible oil gets costlier due to kharif crop damage, global price rise

Floods in key producing regions resulted in major damage to standing kharif soybean crop

Edible oil importers advised to refrain from palm oil import from Malaysia

Sources said India is looking for options to reduce import from Malaysia in a retaliatory action against PM Mahathir Bin Mohamad's recent call in the UN on India's abrogation of Article 370 in J&K

Veg oil imports set to rise 3% in 2019-19 season after dropping last year

Next year, domestic production is likely to increase on hope of good rabi oilseeds crop, limiting the need for imports

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

Domestic edible oil players fret as monthly imports hit six-year high

Duty cut under CEPA takes toll on domestic oil refineries, whose capacity utilisation falls below 35%; Oilseed prices remain subdued due to weak demand from mills

Farmers, refiners take a massive blow on spurt in edible oil imports

Mustard seed, rape seed and groundnut trade at 20% discount to MSP

Commodity outlook: Edible oil down but not out

Technically, palm looks vulnerable in the short-term and could revisit recent lows, but subsequent to that a strong rebound from there towards 2,175-2,200 MYR/ton levels is anticipated

Edible oil imports jump 11% in December, may rise further on duty cut

Palm oil share in overall inbound vegetable oil surges 71 per cent to 811,700 tonnes; Domestic refineries to take a hit

Malaysia-India deal on import duty may hit Indian edible oil industry hard

Lower duty on Malaysian edible oil from Jan set to escalate imports; domestic oilseed prices may decline, adding to farmers' woes

Sensitive items import up 34.5% in April-June

Sensitive items import up 34.5% in April-June