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edible oil

Edible oils import falls 29% in September to 10.64 lakh tonnes on lower palm oil shipments: Trade data

Edible oils import falls 29% in September to 10.64 lakh tonnes on lower palm oil shipments: Trade data

Fri, Oct 11, 2024

According to the data, import of vegetable oils in September declined 30 per cent to 10,87,489 tonnes compared to 15,52,026 tonnes a year earlier.

Oil firms asked not to hike retail prices; Centre says 30 lakh tonnes of supply available at lower duty

Oil firms asked not to hike retail prices; Centre says 30 lakh tonnes of supply available at lower duty

Tue, Sep 17, 2024

The increase in the basic customs duty on a range of edible oils, aimed at bolstering domestic oilseed farmers, took effect on September 14, according to an official statement.

Edible oil imports dip 1.6 percent in first 9 months of 2023-24 marketing year ending October: SEA

Edible oil imports dip 1.6 percent in first 9 months of 2023-24 marketing year ending October: SEA

Thu, Aug 15, 2024

India’s edible oil imports declined by 1.6% to 11.94 million tonnes in the first nine months of the 2023-24 marketing year, according to the Solvent Extractors' Association of India. Despite this drop, over 50% of India’s cooking oil demand is still met through imports. Discover the latest trends in oil imports, including changes in palm oil and soft oil volumes.

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Why Price Of Edible Oil Is Increasing? At What Extent Price Can Be Hiked In Near By Future?

Why Price Of Edible Oil Is Increasing? At What Extent Price Can Be Hiked In Near By Future?

Tue, Feb 07, 2023

Why price of edible oil is increasing? At what extent price can be hiked in near by future? Know full details from Neha Anand.

Commodities Live: Edible Oil Prices Drop; Know Why Rates Are Cooling Off

Commodities Live: Edible Oil Prices Drop; Know Why Rates Are Cooling Off

Tue, Jan 17, 2023

There has been a sharp fall in the prices of edible oil in the last 15-20 days. According to the data, the price of soybean oil has dropped by Rs 14 in the last 15-20 days. The price of palm oil has dropped by about Rs 6. The price of sunflower oil has come down by Rs 10. What are the reasons for the fall in the price of edible oil? Watch Commodities Live for more details.

Commodity Special: What Is The Overall Outlook For Edible Oil In The New Year? How Will Be The Production Of Oilseeds?

Commodity Special: What Is The Overall Outlook For Edible Oil In The New Year? How Will Be The Production Of Oilseeds?

Wed, Dec 28, 2022

What is the overall outlook for edible oil in the new year? Will the price of edible oil increase or decrease in 2023? How likely is the demand for edible oil to increase in 2023? How will be the oilseed production in 2023? How good will 2023 be for oilseed farmers? Watch this commodity special show with Mrituenjay Kumar Jha.

Commodities Live: India's Edible Oil Import Bill Rises 34%

Commodities Live: India's Edible Oil Import Bill Rises 34%

Mon, Nov 14, 2022

The import bill of edible oil increased by 34%. Last year there was an import bill of about 1.17 lakh crores. In 2021-22, 140 lakh tonnes of edible oil was imported. Last year 131 lakh tonnes were imported. About 41 lakh tonnes of sunflower-soybean were imported. About 79 lakh tonnes of palm oil was imported in November-October.

Govt exempts wholesalers and big chain retailers of edible oils and oilseeds from stock limit order

Govt exempts wholesalers and big chain retailers of edible oils and oilseeds from stock limit order

Tue, Nov 01, 2022

"The order will come into effect immediately," the food and consumer affairs ministry said in a statement.

Govt extends concessional custom duty on edible oil import till March 2023

Govt extends concessional custom duty on edible oil import till March 2023

Sun, Oct 02, 2022

With an aim to boost domestic supply and containing prices of edible oil, The Central Board of Indirect Taxes and Customs (CBIC) has extended existing concessional import duties on specified edible oils up to March 31, 2023.

Sharp Decline In The Prices Of Edible Oil, What Are The Reasons Behind The Price Fall In Edible Oil?

Sharp Decline In The Prices Of Edible Oil, What Are The Reasons Behind The Price Fall In Edible Oil?

Mon, Sep 26, 2022

Edible oil prices fell sharply. Why did the prices of edible oil fell? Palm oil expected to fall 30% this year. Know full details from Neha Anand.

Mention net quantity, not temperature details at time of packing: Govt tells edible oil makers, packers

Mention net quantity, not temperature details at time of packing: Govt tells edible oil makers, packers

Fri, Aug 26, 2022

Ideally, edible oil should be packed at 30 degrees Celsius. If packed at 21-degree Celcius, the weight should be mentioned as 919 grams.

Commodities Live: Centre Directs Edible Oil Firms To Declare Correct Net Quantity

Commodities Live: Centre Directs Edible Oil Firms To Declare Correct Net Quantity

Thu, Aug 25, 2022

The central government has advised edible oil manufacturers and importers to declare the correct amount of weight on the packet. Along with this, the government has also directed that the oil manufacturers should declare the exact amount of oil in the packet without mentioning the temperature.

Eyes On IMC Meet Today, Important Meeting On Commodity Prices; What Is The Agenda Of This Meeting?

Eyes On IMC Meet Today, Important Meeting On Commodity Prices; What Is The Agenda Of This Meeting?

Tue, Aug 16, 2022

Important meeting on commodity prices today. There will be a rethink on the stock limit of edible oil, oilseeds. What are the important issues of this meeting? Know from Ambarish Pandey.

Commodities Live: Government Asks Companies To Cut Edible Oil Price By Up To Rs 10/L

Commodities Live: Government Asks Companies To Cut Edible Oil Price By Up To Rs 10/L

Thu, Aug 04, 2022

The Food Secretary called a meeting with the edible oil companies on Thursday to review the edible oils. The government has intensified its efforts to reduce the price of oils. The government can ask companies to reduce the price by up to Rs 10.

Will The Edible Oil Price Be Cheaper? How Much Price Will Decrease? Watch This Video For Details

Will The Edible Oil Price Be Cheaper? How Much Price Will Decrease? Watch This Video For Details

Wed, Aug 03, 2022

Will edible oil be cheaper? Will the prices of edible oils come down further? Tomorrow there will be a meeting of the Food Secretary to discuss the prices of edible oil. Know full news from Ambarish Pandey.

Edible oil to get cheaper further ahead of festive season; food ministry calls crucial meeting tomorrow | Details

Edible oil to get cheaper further ahead of festive season; food ministry calls crucial meeting tomorrow | Details

Wed, Aug 03, 2022

Edible oil is set to get further cheaper despite huge demand during the festival season in August.

Big relief for consumers! Palm, sunflower, soyabean oil to get cheaper by Rs 10-15 per litre; Patanjali Foods says this

Big relief for consumers! Palm, sunflower, soyabean oil to get cheaper by Rs 10-15 per litre; Patanjali Foods says this

Tue, Jul 19, 2022

In a big relief for consumers, Patanjali Foods has announced to reduce prices of oil by Rs 10-15 per litre. This comes after the edible oil major had earlier also slashed oil prices by Rs 30 per litre on the MRP

Edible oil producers cut prices days after government directive – check new list of rates of Emami, Gemini and Modi Naturals among others

Edible oil producers cut prices days after government directive – check new list of rates of Emami, Gemini and Modi Naturals among others

Sat, Jul 16, 2022

Earlier this month, the government had directed edible oil manufacturers to further decrease the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week,

Higher edible oil price major concern for India, says CARE Edge’s report – Explains what should be done to reduce dependeny

Higher edible oil price major concern for India, says CARE Edge’s report – Explains what should be done to reduce dependeny

Sat, Jul 16, 2022

The import bill of vegetable oil witnessed an increase of around 21 per cent in 2020-21 over 2019-20, which further increased by 63% in FY22 over FY21.

Commodities Live: Cooking Oil To Become Cheaper By Rs 15/Litre As Centre Directs Firms To Cut MRP Immediately

Commodities Live: Cooking Oil To Become Cheaper By Rs 15/Litre As Centre Directs Firms To Cut MRP Immediately

Fri, Jul 08, 2022

In a bid to provide relief to consumers, the Centre has asked the edible oil associations to ensure reduction in the maximum retail price (MRP) of cooking oils by up to Rs 15 per litre, with immediate effect. The Union government has also advised the manufacturers and refiners to reduce prices of edible oils immediately and pass the benefits to consumers. Last month also, companies had reduced the price by Rs 10 to 15 per litre.

Commodities Live: Palm Oil Prices Fall Down Over 20% In 2 Days

Commodities Live: Palm Oil Prices Fall Down Over 20% In 2 Days

Wed, Jul 06, 2022

Today palm oil prices fell by 20% in 2 days. BMD palm oil fell heavily by 10%. Palm oil futures price in Malaysia reached near 3900 ringgit / ton. Apart from this, edible oil companies will cut MRP of edible oil again. As per the government estimates, prices of edible oil can be reduced by up to Rs 20 per litre. Watch Commodities Live with Mrituenjay Kumar Jha.

Commodity Superfast: Scope For Reducing Edible Oil Prices By Rs 20 Per Litre, Says Government; Directs Companies To Pass On Benefits Of Reduced Prices To People

Commodity Superfast: Scope For Reducing Edible Oil Prices By Rs 20 Per Litre, Says Government; Directs Companies To Pass On Benefits Of Reduced Prices To People

Wed, Jul 06, 2022

In today's meeting, the government has directed to reduce the prices of edible oil. Oil companies have given assurance of reducing the price soon. The effect of the decline in foreign will be visible in the domestic market. Last month the companies had reduced the prices by Rs 10-15/litre. In a month, the foreign price decreased by $ 300 450/ ton. As per the government estimates, prices of edible oil can be reduced by up to Rs 20 per litre.

Scope for reducing edible oil prices by Rs 20 per litre, says government; directs companies to pass on benefits of reduced prices to people

Scope for reducing edible oil prices by Rs 20 per litre, says government; directs companies to pass on benefits of reduced prices to people

Wed, Jul 06, 2022

The government has directed edible oil companies and manufacturers to make changes in MRP.

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