Edible Oil

Dairy remains protected; 20 percent duty on vegetable oils removed for Indian exports

AWL Agri Business expects edible oil demand to stabilise after duty cuts

The company has reported a 24.5 percent decline in its consolidated net profit to Rs 236.4 crore for the quarter ended June 2025, due to higher expenses.

Govt reduces import duty on crude edible oil by 10%

The decision is expected to stimulate domestic demand, lead to increased imports of palm oil, soyoil, sunflower oil and expected to lower edible oil prices

'To deal with the problem of obesity', PM Modi cautions people to reduce edible oil consumption by 10%; here's why you should consider doing it

As PM Modi urged people to cut down on edible oil consumption by 10 percent, we reached out to doctors to understand the health concerns it poses and strategies to eliminate it from our diet.

Consuming less edible oil is healthier for India's import bill too

The edible oil import in 2023-24 (November-October) was lower at $15.9 billion compared with $16.7 billion in the previous fiscal. However, India’s edible oil bill has risen by nearly 60 percent over the last five years.

PM Modi's tip to reduce obesity: 'Cut down intake of edible oil by 10%'

PM Modi further spoke how all age groups of the country are affected by cooking oil as it is an important factor behind rising obesity.

Edible oil body SEA urges govt to lift ban on commodity futures trading

The ban, first implemented in December 2021 on seven agricultural commodities, has been extended multiple times with the current extension running through December 20, 2024.

Respite from food inflation in 4 months likely; agri will grow at 5% in FY25: Ramesh Chand of NITI Aayog

Food Inflation continues to be a worry but is expected to ease in March-April with the arrival of new crop, says Ramesh Chand of Niti Aayog. He adds that while Urad dal production fall to a 10-year low in FY 25 is a concern, production of other pulses will be better.

India aims to double edible oil output to trim reliance on imports

The world’s largest importer of edible oils, India currently fulfils nearly two-thirds of its demand through overseas purchases of palm oil, soyoil, and sunflower oil, primarily from Indonesia, Malaysia, Argentina, Brazil, Russia, and Ukraine.

Global price decline in edible oil, new crop to cushion inflationary impact of import duty hike, economists say

The upcoming soybean and groundnut harvests in October are anticipated to further mitigate any inflationary effects of the duty hike on edible oil, according to economists.

Govt asks edible oil bodies to maintain MRP till availability under lower customs duty

These adjustments are part of the government's ongoing efforts to bolster domestic oilseed farmers, especially with the new soybean and groundnut crops expected to arrive in markets from October 2024, it said

Chart of the Day: Will higher duties curb edible oil imports?

Farmers and processors may be the intended beneficiaries of the duty hikes but it comes at a cost given there isn’t sufficient domestic output to support demand

Higher import duties on oils effective September 14 to support farmers

India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year

Government raises import tax on edible oils

The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil

NITI panel report backs MSP, higher duties as rising edible oil demand poses 'challenge' to self sufficiency

India is a significant player in the global edible oil space, ranking fourth after the USA, China, and Brazil, accounting for 9-10% of total worldwide consumption.

8 best edible oils for healthy mind, body: Add coconut, walnut, avocado, flaxseed oils in your daily diet

Choosing the right edible oils can enhance brain performance, improve memory, and support mental well-being. Here are some of the best edible oils for great mind and body. Incorporating these oils into your diet can provide the essential nutrients needed for brain health, supporting cognitive function and protecting against cognitive decline.

Global supply shortfall, higher freight rates may raise edible oil prices

Though they are now lower than last year, the situation could change in a few months. Around 60% of the country’s edible oil requirement is met through imports. Among palm oil, soybean oil, sunflower oil and mustard oil, the first three largely depend on imports.

Market Live: Looming demand weakness keeps oil prices under pressure | Commodities Corner

Edible oil prices are under pressure due to weak China demand and favorable weather in Argentina and Brazil, Soyabean & Sunflower oil trade at discount for 1st time in an year. Catch Manisha Gupta in conversation with Dr. B.V. Mehta, the Executive Director of The Solvent Extractors' Association of India.

Making India aatmanirbhar in oilseeds will not be an easy task

The government needs to think of innovative supply-side solutions, but perhaps also encourage people to consume less edible oil from the health standpoint

Market Live: India keeps edible oil import duty lower until March 2025| Commodities Corner

On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, now effective until March 2025. The initial expiration date for the lower import duty on crude palm oil, crude sunflower oil, and crude soy oil was set for March of this year. As the largest global importer of vegetable oil, India has opted to maintain the lowered import duty structure. Notably, the basic import duty on refined soybean oil and sunflower oil was reduced from 17.5% to 12.5% in June of the previous year. The primary sources of India's palm oil imports are Indonesia and Malaysia. Catch Manisha Gupta in conversation with Sandeep Barjoria - Sunvin with more details

Govt denies extending lower import duty on edible oils till 2025

"It is categorically clarified that the government extended the validity period of import duty exemption on Masur Dal only, by one year," an official clarification stated.

Edible oil industry body SEA urges govt to hike duty difference between crude & refined palm oil

The SEA President said that India’s imports of vegetable oils reached an all-time high of 167.1 lakh tonnes during the recently concluded 2022-23 oil year (November-October), with edible oil shipments hitting a record high of 164.7 lakh tonnes.

Live: Crude oil prices surge amid geopolitical tensions| Commodities Corner

The conflict in the Middle East has had little impact on global oil supplies so far, and Israel is not a big producer. Investors and market observers, however, are assessing how it could escalate and what it might mean for supplies from nearby countries in the world's top oil producing region. Catch Manisha Gupta in conversation with Vandana Hari from Vanda Insights as they discuss about crude oil prices surge and its ripple effects.

Moneycontrol Live: 1.2 tons gold traded, delivered in Sept via IIBX | Commodities Corner

Silver imports were highly restricted, with only nominated agencies being allowed to handle them, as designated by RBI for banks and DGFT for other agencies. Refineries could also import silver doré under certain conditions.However, the new rules are more inclusive. Importation is now open not only through nominated agencies as identified by RBI (for banks) and DGFT (for other agencies) but also by qualified jewelers designated by the International Financial Services Centres Authority (IFSCA). These changes apply to imports through the India International Bullion Exchange (IIBX), where silver doré can still be imported by refineries. Catch Manisha Gupta in conversation with Ashok Gautam, MD & CEO , IIBX

Live: India's edible oil demand slips in Sept after record imports in July-Aug | Commodities Corner

Catch Manisha Gupta in conversation with Sandeep Bhan - COO Sime DArby oils as they talk edible oil only on Commodity Corner.