Page 2 - Edible Oils

States told to Implement stock limit order on oilseeds, oil to check prices

Exporters and importers have been kept outside the purview of this order with some caveats

Soaring edible oil prices deal blow to India's inflation fight

Prices of palm oil, the most-consumed edible oil in the world, have jumped 15% this year to a record

Centre further tightens stocks limits on edible oils and oilseeds

Extends curbs till June 30, specifies quantity each trader can hold in states where the quantum hasn't been laid out

Centre cuts duty on refined oils, extends import tenure of pulses

For tur and urad, the cargo should arrive in India before June 30, 2022

Retail-wholesale gap in prices of vegetables, edible oils widens in Delhi

Price difference stays largely flat for pulses during this period; govt starts cracking down on hoarders and black-marketeers

Major edible oil players cut wholesale prices by Rs 4-7 a litre

India meets more than 60 per cent of its edible oils demand through imports. Any rise in global prices has a direct impact on local prices

Wholesale prices of edible oils to be reduced by Rs 5 per kg: SEA

The average retail price of soya oil saw a marginal reduction to Rs 153 per kg from Rs 155.65 per kg in the said period

Centre imposes stock limits on edible oils to soften prices in market

Edible oil prices in domestic retail markets have shot up sharply by up to 46.15 per cent in last one year due to global factors and local tight supply situation, as per government data

Adani Wilmar rolls out 'Fortune Mart' stores in 6 states

Adani Wilmar, which markets edible oils and other food products under the Fortune brand, on Monday said it has opened 12 physical stores on franchisee model across six states and plans to start outlets across the country. "Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products," the company said in a statement. The physical stores are being opened on a franchise model. Adani Wilmar has so far opened 12 Fortune Mart stores in Jaipur, Jodhpur, Lalitpur, Gandhinagar, Surat, Gandhidham, Jabalpur, Vidisha, Gwalior, Kharghar, Akola, and Haldia. These cover the states of Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra and West Bengal. The company further aims to launch Fortune Mart stores in north and eastern parts of India in the coming quarter. "Fortune has become a household name and the most popular and preferred food brand in the country. The rollout of Fortune Mart stores aims to .

Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm

The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years

Traders see little impact of edible oil duty cut as global mkts offset move

India is heavily dependent on imports for meeting its domestic edible oil requirements.

The farm factor

Agri sector did quite well in a pandemic year

Import dependence

India must attain self-sufficiency in edible oils

Govt expects edible oil prices to cool off with release of imported stock

The Centre on Monday expressed hope that retail prices of edible oils would soften following the release of imported stock that was stuck at ports due to clearance issues.

India cuts import tax on crude palm oil to 27.5% as food prices rise

India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

SEA urges govt to immediately announce NMEO to reduce edible oil import

The Solvent Extractors' Association of India (SEA) has urged the government to immediately announce the National Mission on Edible Oils (NMEO) to make the country 'Aatmanirbhar'

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

After onion tears, now brace for edible oils burning a hole in your pocket

The bio-fuel programmes in Malaysia and Indonesia are supporting the soaring prices

Edible oils deficiency

Farmers need stable policy environment for investment

Edible oil import to rise in coming year

India's dependence on imported edible oil is likely to increase to record level during the coming oil year of 2017-18 (November-October). A decline in availability from domestic sources is expected, following lower oilseed availability and sustained increase in consumption.Data compiled by the apex industry body, the Solvent Extractors' Association, shows vegetable oil (98 per cent edible and two per cent non-edible) import at 14.27 million tonnes for the 11-month period ended September 2017, compared with 13.57 mt in the corresponding period last year. Another 1.2-1.3 mt of import in October would take the year's import to 15.5 mt, a record.As for oil year 2017-18, less of sowing and crop damage due to flooding in major growing regions has reduced the soybean crop size. From last year's 12 mt, soybean output is forecast at below nine mt."With four per cent increase in per capita consumption to add around 0.8 mt of demand every year, and the lower acreage, dependence on imported ...