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  • EXCLUSIVE | Duty cuts on edible oil likely before festive season Sep 13, 2021 01:15 PM IST

    EXCLUSIVE | Duty cuts on edible oil likely before festive season

    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.

  • Vegetable oil imports down marginally to 11.28 lakh tonne in November Dec 13, 2019 03:17 PM IST

    Vegetable oil imports down marginally to 11.28 lakh tonne in November

    Out of the total vegetable oil import, the shipments of edible oil rose to 10,97,424 tonne in November 2019 from 10,73,353 tonne in the same month last year.

  • Vegetable oil imports up 3.5% at 155.5 lakh tonne in 2018-19 Nov 15, 2019 03:25 PM IST

    Vegetable oil imports up 3.5% at 155.5 lakh tonne in 2018-19

    While shipments of edible oil increased to 149.13 lakh tonnes in the 2018-19 marketing year (November-October) from 145.16 lakh tonnes in the previous year, the imports of non-edible oil grew to 6,36,159 tonnes from 5,09,748 tonnes during the period under review, Solvent Extractors' Association said in a statement.

  • Budget 2019: Govt aiming at self-sufficiency in oilseeds to contain imports Jul 05, 2019 07:30 PM IST

    Budget 2019: Govt aiming at self-sufficiency in oilseeds to contain imports

    India imported 15 million tonnes of vegetable oil in 2017-18 and is the world’s largest importer of the commodity.

  • Palm oil imports up 10.06% in 2016-17: SEA Nov 14, 2017 03:49 PM IST

    Palm oil imports up 10.06% in 2016-17: SEA

    India, the world's leading vegetable oil buyer, had imported 84.43 lakh tonnes of palm oils during the last marketing year (November-October).

  • Uflex Consolidated Net Profit Grows 22 Percent in the Fourth Quarter May 30, 2017 09:10 PM IST

    Uflex Consolidated Net Profit Grows 22 Percent in the Fourth Quarter

    India's largest multinational flexible packaging materials and Solution Company Uflex Limited has reported a 22% rise in consolidated net profit for Q4 FY 2016-17 as compared to the same period in the previous fiscal.

  • MCX commences futures trading in RBD palmolein Apr 05, 2017 04:17 PM IST

    MCX commences futures trading in RBD palmolein

    The new RBD palmolein futures contract, alongside the existing crude palm oil (CPO) contract, is expected to benefit refiners, importers, and palmolein end users, providing market participants solution to manage refining margins and hedge against unfavourable price movements in the global crude palm oil and palmolein markets, it said.

  • Palm oil imports drop for second-staright month in Dec by 8.5% Jan 13, 2017 02:08 PM IST

    Palm oil imports drop for second-staright month in Dec by 8.5%

    India, the world's leading vegetable oil buyer, had imported 7,90,368 tonnes palm oil in December 2015.

  • Vegetable oil imports up 15% in June Jul 14, 2016 02:12 PM IST

    Vegetable oil imports up 15% in June

    Solvent Extractors Association (SEA) demanded that duty difference between crude and refined vegetable oils should be increased from 7.5 percent to 15 percent. At present, import duty on crude edible oil is 12.5 percent and refined edible oil at 20 percent.

  • Global food prices down by 19% in 2015, says FAO Jan 11, 2016 01:31 PM IST

    Global food prices down by 19% in 2015, says FAO

    The maximum fall was witnessed in dairy prices, which fell by 28.5 percent compared to 2014, marking its lowest since 2009. It was followed by sugar prices, which were down by 21 from 2014 levels, as per the FAO price index.

  • UN food price index falls to  6-year-low as  dairy slumps Aug 07, 2015 08:04 AM IST

    UN food price index falls to 6-year-low as dairy slumps

    A sharp fall in prices for vegetable oils and dairy products saw the Food and Agriculture Organization of the United Nation (UN)'s food price index fall to 164.6 points last month—one percent lower than in June and 19.4 percent lower than last year.

  • Commerce Ministry allows bulk export of rice bran oil Aug 06, 2015 08:55 PM IST

    Commerce Ministry allows bulk export of rice bran oil

    "Export of Rice Bran oil in bulk has been exempted from the prohibition on export of edible oils. Also, the quantity ceiling on export of organic edible oils has been removed," Directorate General of Foreign Trade (DGFT) said in a notification.

  • Discovery:Cooking gas with water, vegetable oil & sunlight Apr 01, 2015 05:45 PM IST

    Discovery:Cooking gas with water, vegetable oil & sunlight

    Unbelievable as it may sound, a Bengaluru-based scientist, in a major breakthrough, has claimed to have produced cooking gas (Propane and butane) with water, vegetable and sunlight.

  • Food ministry recommends raising edible oil import taxes Nov 13, 2014 08:41 AM IST

    Food ministry recommends raising edible oil import taxes

    The world's biggest vegetable oil importer levies a 2.5 percent tax on the crude variety and 10 percent on refined. It imports nearly 60 percent of its 18-19 million tonnes annual demand, mostly as palm oil from top producers Indonesia and Malaysia.

  • Need streamlined, investor-friendly tax regime: Adi Godrej Sep 11, 2014 01:30 PM IST

    Need streamlined, investor-friendly tax regime: Adi Godrej

    In order to ensure long-term investor interest into the country, Godrej says the government must emphasise on ease of doing business, along with a stream-lined, investor friendly tax regime such as GST.

  • High prices of wheat, sugar hit margins of biscuit makers Aug 28, 2012 10:55 AM IST

    High prices of wheat, sugar hit margins of biscuit makers

    Rising prices of agri-commodities like wheat, flour, sugar and vegetable oil is affecting the margins of the biscuit manufacturers, who have demanded that the government should reduce the VAT levied on biscuits.

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