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  • Analysis | National palm oil mission will take time to show results; states have to do their bit, oil processing industry says Aug 19, 2021 08:38 PM IST

    Analysis | National palm oil mission will take time to show results; states have to do their bit, oil processing industry says

    In 2020-21, India consumed 8.76 million tonnes of palm oil, while domestic production was only around 200,000 tonnes. India is one of the largest consumers of edible oil owing to its population.

  • Cabinet approves National Mission on Edible Oils to boost palm oil production Aug 18, 2021 03:49 PM IST

    Cabinet approves National Mission on Edible Oils to boost palm oil production

    The Rs 11,040 crore, NMEO-OP aims to triple India's palm oil production by 2025-26 and reduce dependence on expensive imports from South East Asia. The Centre will come up with a mechanism to fix and regulate palm oil prices, If the market is volatile, the difference will also be paid by the centre through direct benefit transfer

  • Clash of the edible oil titans: Adani Wilmar and Ruchi Soya Aug 11, 2021 09:10 AM IST

    Clash of the edible oil titans: Adani Wilmar and Ruchi Soya

    Adani Wilmar and Ruchi Soya are coming to the public issue market at the same time to raise almost similar amounts

  • India puts on hold proposal to cut import tax on edible oils: Report Jun 17, 2021 11:35 AM IST

    India puts on hold proposal to cut import tax on edible oils: Report

    The world's biggest vegetable oil importer was considering reducing import taxes after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid the COVID-19 pandemic.

  • It isn't crude oil but edible oil that is giving the government a headache Jun 16, 2021 10:22 AM IST

    It isn't crude oil but edible oil that is giving the government a headache

    Rising edible oil prices are pushing up inflation and hurting consumers

  • India considers edible oil import tax cut to lower prices: Report Jun 03, 2021 11:27 AM IST

    India considers edible oil import tax cut to lower prices: Report

    Domestic soyoil and palm oil prices have more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid the COVID-19 pandemic.

  • Explained | Why edible oil prices are ruling high despite good crop and muted demand May 28, 2021 01:28 PM IST

    Explained | Why edible oil prices are ruling high despite good crop and muted demand

    India’s production of oilseeds is too little to provide for the domestic demand and therefore is dependent on imports.

  • Why edible oil prices have surged to their highest in a decade May 27, 2021 04:25 PM IST

    Why edible oil prices have surged to their highest in a decade

    Edible oils have risen as much as 62 percent in the last year as bad weather in major producing countries and increasing use of biofuels has hit supply, but experts say the market will stabilize in a few months

  • Centre discusses with stakeholders abnormal rise in edible oil prices, asks for steps to soften rates May 24, 2021 10:45 PM IST

    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 percent in over a year and is adding woes to consumers already reeling under the economic distress induced by the COVID-19 pandemic.

  • Consumers may have to fork out more as FMCG firms look to pass on price hikes Jan 10, 2021 07:58 PM IST

    Consumers may have to fork out more as FMCG firms look to pass on price hikes

    FMCG players are feeling the pressure to protect their gross margins as they are unlikely to absorb the surging commodity prices of key raw materials like coconut oil, edible oil, and palm oil for long.

  • Marico: Demand to stabilise, accumulate on declines Jul 28, 2020 10:51 AM IST

    Marico: Demand to stabilise, accumulate on declines

    Marico's focus on its food portfolio and the value segment of hair oils could help the firm cope with this difficult macro environment

  • India's edible oils export rises 54% to 80,765 tonnes in 2019-20: SEA Jul 16, 2020 04:15 PM IST

    India's edible oils export rises 54% to 80,765 tonnes in 2019-20: SEA

    In value terms, the edible oil shipments increased 52.36 percent to Rs 955.51 crore, against 52,490 tonnes valued at Rs 627.11 crore in 2018-19, it said in a statement.

  • India's edible oil imports in May lowest since 2011: Trade body SEA Jun 04, 2020 03:11 PM IST

    India's edible oil imports in May lowest since 2011: Trade body SEA

    India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.

  • Study reveals 68% consumers closely monitor fats, oils in packaged food products May 28, 2020 07:36 PM IST

    Study reveals 68% consumers closely monitor fats, oils in packaged food products

    This year, approximately 6,600 primary household grocery shoppers were surveyed in 12 countries, including the United States, India, Germany, China, Brazil, the United Kingdom.

  • As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA May 25, 2020 02:15 PM IST

    As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

    The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

  • India's April edible oil imports drop 34%: Trade body May 06, 2020 02:00 PM IST

    India's April edible oil imports drop 34%: Trade body

    Delays in the discharge of imported oils included, triggered by the coronavirus lockdown.

  • Mother Dairy edible oil production, sales drop 35-40% post lockdown Apr 13, 2020 03:57 PM IST

    Mother Dairy edible oil production, sales drop 35-40% post lockdown

    While production has been hit due to labour shortages and logistics issues, the demand is down because of closures of hotels, restaurants and cafeterias that contribute a significant part of sales.

  • Edible oil demand likely to decline during March-April amid COVID-19 lockdown Mar 30, 2020 12:56 PM IST

    Edible oil demand likely to decline during March-April amid COVID-19 lockdown

    Edible oil imports and processing activities have also slowed down, but there is sufficient stock in the country to meet domestic demand, Solvent Extractors' Association of India (SEA) Executive Director B V Mehta told PTI.

  • Malaysia wants to resolve palm oil spat with India within a month, says minister Mar 11, 2020 11:35 AM IST

    Malaysia wants to resolve palm oil spat with India within a month, says minister

    Mohd Khairuddin Aman Razali added that he wanted to send a delegation to India as soon as possible in an effort to improve ties between the two countries.

  • India's curbs on Malaysian palm imports stir up edible oil trade Feb 14, 2020 02:35 PM IST

    India's curbs on Malaysian palm imports stir up edible oil trade

    India, the top global palm oil buyer, imposed restrictions on imports of refined palm oil last month, a move sources said was retaliation against Malaysia's criticism of New Delhi's actions in Kashmir and a new citizenship law. Traders had also held off buying crude palm oil from Malaysia.

  • Quick Take | Why Patanjali is desperate to buy Ruchi Soya Dec 27, 2018 03:31 PM IST

    Quick Take | Why Patanjali is desperate to buy Ruchi Soya

    Ruchi Soya will not only make Patanjali the second biggest edible oil company, but also boost its manufacturing capacity and distribution muscle

  • Commodities@Moneycontrol: Edible oil prices under pressure Feb 23, 2018 04:39 PM IST

    Commodities@Moneycontrol: Edible oil prices under pressure

    In commodities market, both agro and non-agro products were on the weaker side.

  • See recovery in both urban, rural demand; volume growth to be better in 2018: Marico Dec 28, 2017 11:47 AM IST

    See recovery in both urban, rural demand; volume growth to be better in 2018: Marico

    The GST related issues are behind them and so are the issues related to demonetisation. One is seeing definite improvement in the overall business demand, said Harsh Mariwala, Chairman, Marico.

  • Govt hikes import duty on crude, refined palm oil Aug 12, 2017 09:30 AM IST

    Govt hikes import duty on crude, refined palm oil

    The import duties on other crude edible oils like soya and sunflower have been raised to 17.5 per cent from 12.5 per cent, according to a notification issued by the Central Board of Excise and Customs.

  • India's edible oil imports to fall for 1st time in six years Jul 21, 2017 03:01 PM IST

    India's edible oil imports to fall for 1st time in six years

    The lower purchases by the world's biggest importer of vegetable oils come amid a 13 percent run-off in international crude palm oil prices this year that has also pulled down other edible oil benchmarks and kept domestic oilseed crushing in India unprofitable.

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