Aug 19, 2021 08:38 PM IST
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.
- Aug 18, 2021 03:49 PM IST
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
- Aug 11, 2021 09:10 AM IST
Adani Wilmar and Ruchi Soya are coming to the public issue market at the same time to raise almost similar amounts
- Jun 17, 2021 11:35 AM IST
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.
- Jun 16, 2021 10:22 AM IST
Rising edible oil prices are pushing up inflation and hurting consumers
- Jun 03, 2021 11:27 AM IST
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.
- May 28, 2021 01:28 PM IST
India’s production of oilseeds is too little to provide for the domestic demand and therefore is dependent on imports.
- May 27, 2021 04:25 PM IST
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
- May 24, 2021 10:45 PM IST
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.
- Jan 10, 2021 07:58 PM IST
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.
- Jul 28, 2020 10:51 AM IST
Marico's focus on its food portfolio and the value segment of hair oils could help the firm cope with this difficult macro environment
- Jul 16, 2020 04:15 PM IST
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.
- Jun 04, 2020 03:11 PM IST
India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.
- May 28, 2020 07:36 PM IST
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.
- May 25, 2020 02:15 PM IST
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.
- May 06, 2020 02:00 PM IST
Delays in the discharge of imported oils included, triggered by the coronavirus lockdown.
- Apr 13, 2020 03:57 PM IST
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.
- Mar 30, 2020 12:56 PM IST
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.
- Mar 11, 2020 11:35 AM IST
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.
- Feb 14, 2020 02:35 PM IST
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.
- Dec 27, 2018 03:31 PM IST
Ruchi Soya will not only make Patanjali the second biggest edible oil company, but also boost its manufacturing capacity and distribution muscle
- Feb 23, 2018 04:39 PM IST
In commodities market, both agro and non-agro products were on the weaker side.
- Dec 28, 2017 11:47 AM IST
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.
- Aug 12, 2017 09:30 AM IST
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.
- Jul 21, 2017 03:01 PM IST
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.