Healthcare tips: Soyabean oil consumption should be moderated, considering the potential downsides such as increased risk of diabetes, liver diseases, heart diseases, and immune toxicity. Here are its nutritional profile, health benefits, and potential downsides of this oil.
With global supply shocks not abetting and domestic demand inching upwards, the government has played the ultimate card in reducing the prices of edible oils in India.
While basic customs duties have been cut for the second time in less than a month, edible oil prices continue to remain high. With the festive season set to begin soon, the cut-off date for ending duty cuts -- September 30 -- may now be extended.
Consequently, vegetable oils shipments in November-July period of the current oil year reached a record level of 10.35 MT (million tonnes) from 8.19 MT a year ago. Total imports are expected to be at 13.8-14 MT, valued at over Rs 65,000 crore, SEA said in a statement.
India's March palm oil imports jAccording to the SEA, palm oil imports have risen as Indonesia and Malaysia had zero export duty on palm products for the last five months to clear surplus stock amid reduced global demand of CPO for bio-diesel production. ump 25 pc: SEA
This year, the monsoons have been very positive for the economy. Dinesh Shahra, managing director of Ruchi Soya Industries told CNBC-TV18 that the crop this year would do better this year than last year. He also indicated that the company would expand up to 15,000 hectares per year.