Edible Oil Prices

Government's timely actions bring down edible oil prices

Over the past year, Refined Sunflower Oil, Refined Soybean Oil, and RBD Palmolein have witnessed substantial price reductions, with declines of 29.04 percent, 18.98 percent, and 25.43 percent, respectively.

Edible oil industry body advises members to reduce retail prices as global rates fall

The industry body has also sought details of reduction in MRP by the companies in the last three months

Government asks edible oil companies to cut prices by up to Rs 10 per litre

The companies have also been directed to maintain a uniform MRP of the same brand of oil across the country.

Taking every step possible to keep edible oil prices in check: Food Secretary

The rise in domestic production of edible oil coupled with ease in supply for imports is expected to give scope to cut retail prices.

Explained | How will decline in edible oil price impact FMCG companies, consumers

Profit margins of top FMCG companies like Hindustan Unilever and Godrej Consumer Products have been under stress for several quarters now on account of a significant jump in the prices of commodities such as palm oil

Cooking oils to get cheaper by next week as brands cut MRPs by up to Rs 20 a litre

Cooking oil prices are set to come down with brands slashing the maximum retail prices of sunflower, soybean, mustard, and palm oil. The price cuts come from international prices cooling a bit and on the back of government interventions to ease domestic prices.

Explainer: How Indonesia’s palm oil export ban will impact consumers

Consumers have witnessed unprecedented inflation across product categories. And now with Indonesia’s ban on palm oil, prices of several consumer products of daily use are set to surge higher. Read on to understand how this move impacts fast-moving consumer goods companies and the end-consumer.

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Cooking oil chaos exacerbates a looming world hunger crisis

Russia’s invasion of Ukraine has thrown the trade of sunflower oil into chaos and is squeezing already tight supplies of other vegetable oils used in food, biofuels and personal care products.

India eyes deal with Mercosur to import crude sunflower oil: Report

Russia’s invasion of Ukraine has disrupted imports from Europe's second-largest nation, spiking edible oil prices

Explained | Why sunflower oil prices in India may rise another 5-10% this year

Ukraine and Russia account for 60 percent of world sunflower oil output and 76 percent of exports. India is the biggest edible oil importer of the world.

Why edible oil prices are set to surge again

A slew of measures by the government last year had reined in the prices of edible oils such as palm oil, mustard oil and soybean oil but with rising geopolitical tensions and export restriction by Indonesia, prices will skyrocket again, indicate industry stakeholders.

Effective import duty on crude palm oil cut to 5.5% to cool edible oil prices

The CBIC in a notification also extended the validity of reduced import duty on crude palm oil and other crude oils by six months till September 30.

Economic Survey 2022: Oils and fats contributed to around 60% of ‘food and beverages’ inflation

Inflation of the sub-group has risen sharply since mid-2019; remained in double digits since April 2020 and witnessed a further uptrend in 2021-22, said the Economic Survey 2021-22.

Edible oil prices falling consistently; better mustard seed crop to soften rates: Food Secretary

Retail prices of vegetables, especially onion, potato and tomato have also come down.

Edible oil prices down Rs 8-10 per kg in last 30 days, may fall further: Industry

SEA had advised its members before Diwali to reduce prices to the maximum extent possible as Centre also reduced import duties on edible oils.

Government turns up heat to cool down edible oil prices

Sharp cuts in duty rates and imposition of stock limits have set the stage for a climbdown in edible oil prices. Will consumers benefit?

Centre discusses with stakeholders abnormal rise in edible oil prices, asks for steps to soften rates

As per the government data, the retail prices of edible oils have risen over 62 per cent in over a year and is adding woes to consumers already reeling under the economic distress induced by the COVID-19 pandemic.

Selected edible oils remain weak on subdued demand

Select edible oil prices fell by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on sluggish demand at prevailing higher levels amid lower trend in global markets.