Vegetable Oil

Food prices at 9-month low as slow staples demand offset war disruptions

The continued decline offers some relief to households grappling with a cost-of-living crunch. The index is down for seventh month, its longest slump in 9 years, and food inflation has begun to slow

India's palm oil imports rise marginally to 590,000 tonnes in June: SEA

Total import of vegetable oils (both edible and non-edible oils) remained lower at 9.91 lakh tonnes in June this year from 9.96 lakh tonnes in the year-ago period.

India expands biofuel tax benefits for ethanol and vegetable oils

India has expanded the excise duty exemption for biofuels to encourage the blending of higher proportions of ethanol and components of vegetable oil with gasoline and diesel, a government order said.

India's March palm oil imports jump as Ukraine sunoil supplies halt

In March, 539,793 tonnes of palm oil landed in India, up from 454,794 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement

Industry body appeals to members not to hoard vegetable oil

In view of volatility in global oil markets due to Ukraine war, Solvent Extractors Association of India appealed to strictly adhere to stock limit prescribed under storage control order

Govt scraps basic customs duty, cuts agri cess on vegetable oils

The move which will help cool prices and increase domestic availability in the festive season

India cuts base import tax on crude vegetable oil imports to zero % -govt

India on Wednesday slashed its base import tax on crude palm oil, crude soyoil and crude sunflower oil to zero from 2.5%

India cuts import taxes on vegetable oils to calm prices

MUMBAI (Reuters) -India has cut base import taxes on palm oil, soyoil and sunflower oil, according to a government notification, as the world's biggest vegetable oil buyer tries to cool near-record price rises.

Explained: Why is India losing sleep over record high vegetable oil prices?

The government is considering reducing taxes on vegetable oil imports after cooking oil prices hit record highs last month

May gold imports surge, vegetable oil buying hits record high: Report

India's gold imports in May surged more than nine-fold from last year's low base to 12 tonnes, while vegetable oil imports in the month spiked 148% to a record $1.4 billion, a government source

World food price index jumps in November to almost six-year high - FAO

Vegetable oil prices led the upward charge in the overall index, surging 14.5% month-on-month.

India's vegetable oil imports dip 13% on sluggish demand in 2019-20: Data

In 2019-20, India's palm oil imports fell 23.3% to 7.22 million tonnes

Vegetable oil import up 26% in July, palm oil shipment highest in 6 yrs

During November 2018 to July 2019 period, the overall import of vegetable oils went up 5 per cent to 112.8 lakh tonne against 107.6 lakh tonne in the corresponding period of the previous year

Vegetable oil import falls 23% in June due to rupee depreciation

The current duty structure coupled with rupee depreciation and credit crunch in the market has slow down the import

Veg oil imports jump 25% in January ahead of duty hike in Budget 2018

India's vegetable oils import during January has increased sharply by 25 per cent against 10 per cent fall in December and marginal increase in November when oil season begins in India. Steep rise in import was seen ahead of duty hike in vegetable oils in budget. According to the data released today by the Solvent Extractors' Association (SEA), import in January was reported at 1.29 million tons compared to 1.03 million tons in January 2017 up by 25 per cent. The overall import of vegetable oils during oil year beginning from November 2017 to January 2018 was up by 6%.In the last Union Budget presented on 1st Feb, import duty on several veg oils was increased sharply while 10% Social Welfare Surcharge was levied on all imported goods including edible oils, resulted in to marginally increase in import duty ranging from 1 to 3 per centage points, "which will provide some more cushion to domestic refiners," said B V Mehta, Executive Director of the SEA. Indian refiners were pressing for .

Vegetable oil import up 15% in June at 1.34 million tonnes

India imports about 60% of its edible oil requirement

Vegetable oil import may fall by 5% due to bumper oilseed output, note ban

About 55% of India's 23.5 million tonnes of annual edible oil consumption is met through import

Vegetable oil imports to touch record 15 million tonnes in 2015-16: SEA

Domestic demand is expected to rise to 20-21 million tonnes, according to SEA's executive director

Vegetable oil imports down 24% in July

Imports stand at 1.1 mt, compared with 1.5 mt last year

Veg oil import up 28% at 11 lakh tonnes in February: SEA

During Nov-Feb period of the current 2015-16 oil year, the import of vegetable oils increased by 19% to 51,25,017 tonnes