Wed, Mar 15, 2023
During November 2022 to February 2023 period, imports of edible oils rose to 58,44,765 tonnes from 45,91,220 tonnes in the corresponding period of the previous oil marketing year.
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Wed, Dec 28, 2022
In June last year, the government removed import restrictions on refined palm oil till December 31, 2021, as prices of edible oils had risen sharply. Later, it was extend till December 31, 2022.
Fri, Aug 12, 2022
Risks facing the world economy include ongoing geopolitical tensions and supply chain issues, the continued Covid-19 pandemic, rising inflation, high sovereign debt levels in many regions, and expected monetary tightening by central banks in the US, Britain, Japan and the Euro zone.
Sat, Aug 21, 2021
Import duty cut on soya, sunflower oil: The prices of cooking oil have seen tremendous jump, with the prices being increased by up to 50 per cent in the last one year.
Thu, Jun 14, 2018
India relies on imports for 70 percent of its edible oil consumption, up from 44 percent in 2001/02. India raised import tax on crude soyoil to 35 percent from 30 percent, and on crude canola oil and sunflower oil to 35 percent from 25 percent. Import duty on refined soyoil, canola oil and sunflower oil was raised to 45 percent from 35 percent.
Fri, Jan 13, 2017
India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Tue, Aug 30, 2016
Indian Oil Corporation (IOC), the nation's biggest oil firm, has raised crude oil import from Iran to four-fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
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