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Commodity Live: Oil came on government's radar, industry refused to reduce prices

Commodity Live: Oil came on government's radar, industry refused to reduce prices

Thu, Jan 25, 2024

Why is edible oil in the focus of the government, what will be the special announcements for the oilseeds industry, will the prices further reduce for the consumer? Know the answers to all these questions in this video.

Edible oil imports down 16% in Dec on lower shipments of crude palm oil: SEA

Edible oil imports down 16% in Dec on lower shipments of crude palm oil: SEA

Fri, Jan 12, 2024

Solvent Extractors' Association of India (SEA) data showed imports of edible oils fell to 13,07,686 tonnes in December last year from 15,55,780 tonnes in the year-ago period.

Reasons Behind the Surge in Edible Oil and Sugar Markets Rise

Reasons Behind the Surge in Edible Oil and Sugar Markets Rise

Mon, Aug 28, 2023

Increase in edible oil and sugar, Why did the sweetness of sugar increase? Why has edible oil become expensive? Why the rise in agri commodities? Know in this video.....

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Commodity Special: When will we get freedom from edible oil import?

Commodity Special: When will we get freedom from edible oil import?

Mon, Aug 14, 2023

Edible Oil Imports: Despite diverse agro-climatic conditions, abundant land and large proportion of population dependent on agriculture, why does India have to import edible oils? What is the burden on the exchequer of the government due to the import of edible oils? What can we do to promote domestic production of edible oils?

Record Imports of Cooking Oil Prevent Price Surge During Festive Celebrations: Food Secretary

Record Imports of Cooking Oil Prevent Price Surge During Festive Celebrations: Food Secretary

Mon, Aug 07, 2023

Edible oil prices will not increase during festivals, there has been a record import of edible oil: Sanjeev Chopra, Food Secretary

Commodity Live: Increase in price of edible oil in the global market

Commodity Live: Increase in price of edible oil in the global market

Tue, Jul 04, 2023

Edible Oil Price: Edible oil is seeing a boom in the Global Market. BMD Palm oil has reached near the upper level of the month. Let's see in the country in the coming days?

Edible oil prices may reduce by Rs 8-12 per litre as govt meets industry body

Edible oil prices may reduce by Rs 8-12 per litre as govt meets industry body

Fri, Jun 02, 2023

According to sources, the industry body has offered to further reduce the MRP of edible oils and consumers can expect lower edible oil prices in the coming days.

Commodity Special: Edible Oil Prices Fall By 50% In A Year; How Will Farmers Get Good Price?

Commodity Special: Edible Oil Prices Fall By 50% In A Year; How Will Farmers Get Good Price?

Fri, May 19, 2023

The price of edible oil dropped by 50% in a year. The wholesale price of edible oil came down below Rs 100/kg. Whereas, the price of mustard came down by 15% from the MSP. In one year, the price of soybean fell by about 30%. The sharp decline in the global market has impacted the prices of edible oil. Why has oil become cheaper? Will the price of edible oil decrease further? How will farmers get good price? Watch #CommoditySpecial with Mrituenjay Kumar Jha.

Import duty cut on edible oil: Patanjali Foods, Gokul Refoils among companies likely to benefit from exemption

Import duty cut on edible oil: Patanjali Foods, Gokul Refoils among companies likely to benefit from exemption

Thu, May 11, 2023

Through a notification, the Finance Ministry allowed imports of crude soya bean oil and crude sunflower oil at zero basic customs duty and zero AIDC for TRQ licence holders for FY23 up to June 30, 2023.

Edible oil imports up 12% to 10.98 lakh tonnes in February

Edible oil imports up 12% to 10.98 lakh tonnes in February

Wed, Mar 15, 2023

During November 2022 to February 2023 period, imports of edible oils rose to 58,44,765 tonnes from 45,91,220 tonnes in the corresponding period of the previous oil marketing year.

Commodity Superfast: Govt Discontinues Import Of Crude Sunflower & Soybean Oil Under Tariff Rate Quota

Commodity Superfast: Govt Discontinues Import Of Crude Sunflower & Soybean Oil Under Tariff Rate Quota

Wed, Mar 01, 2023

The government had allowed duty-free import of 2 million tonnes of crude sunflower oil and 2 million tonnes of soybean oil under TRQ till March 2024. Import of crude soybean oil was discontinued under TRQ in the month of January this year. Now the import of crude sunflower oil is being discontinued from April 1.

Edible oil imports in Jan 2nd highest; record shipments of cooking oils in Nov-Jan

Edible oil imports in Jan 2nd highest; record shipments of cooking oils in Nov-Jan

Wed, Feb 15, 2023

The total import of vegetable oils during the first three months of the oil year 2022-23 (November-October) rose 30 per cent to 47,73,419 tonnes compared to 36,71,161 tonnes in the same period last year.

Commodities Live: India's Edible Oil Import Rises 30% In November-January, Says SEA

Commodities Live: India's Edible Oil Import Rises 30% In November-January, Says SEA

Wed, Feb 15, 2023

As per the data, imports of vegetable oils rose 30% in November-January. Palm oil imports jumped by 77%. Edible oil import stood at 47.76 lakh tonnes in the first quarter of 2022-23. Sunflower oil import increased to 4.61 lakh tonnes. RBD Palmolein imports rose to 6.30 lakh tonnes.

Commodity Special: What Will Be The Impact On Prices Due To Increase In Duty On Edible Oil? Watch This Special Report

Commodity Special: What Will Be The Impact On Prices Due To Increase In Duty On Edible Oil? Watch This Special Report

Fri, Feb 10, 2023

How justified is the industry's demand on edible oil? What will be the impact on prices due to increase in duty on edible oil? Now will the price of edible oil increase or decrease? Watch this commodity special show with Mrituenjay Kumar Jha.

Why Price Of Edible Oil Is Increasing? At What Extent Price Can Be Hiked In Near By Future?

Why Price Of Edible Oil Is Increasing? At What Extent Price Can Be Hiked In Near By Future?

Tue, Feb 07, 2023

Why price of edible oil is increasing? At what extent price can be hiked in near by future? Know full details from Neha Anand.

Commodities Live: Edible Oil Prices Drop; Know Why Rates Are Cooling Off

Commodities Live: Edible Oil Prices Drop; Know Why Rates Are Cooling Off

Tue, Jan 17, 2023

There has been a sharp fall in the prices of edible oil in the last 15-20 days. According to the data, the price of soybean oil has dropped by Rs 14 in the last 15-20 days. The price of palm oil has dropped by about Rs 6. The price of sunflower oil has come down by Rs 10. What are the reasons for the fall in the price of edible oil? Watch Commodities Live for more details.

Commodity Special: What Is The Overall Outlook For Edible Oil In The New Year? How Will Be The Production Of Oilseeds?

Commodity Special: What Is The Overall Outlook For Edible Oil In The New Year? How Will Be The Production Of Oilseeds?

Wed, Dec 28, 2022

What is the overall outlook for edible oil in the new year? Will the price of edible oil increase or decrease in 2023? How likely is the demand for edible oil to increase in 2023? How will be the oilseed production in 2023? How good will 2023 be for oilseed farmers? Watch this commodity special show with Mrituenjay Kumar Jha.

Commodities Live: India's Edible Oil Import Bill Rises 34%

Commodities Live: India's Edible Oil Import Bill Rises 34%

Mon, Nov 14, 2022

The import bill of edible oil increased by 34%. Last year there was an import bill of about 1.17 lakh crores. In 2021-22, 140 lakh tonnes of edible oil was imported. Last year 131 lakh tonnes were imported. About 41 lakh tonnes of sunflower-soybean were imported. About 79 lakh tonnes of palm oil was imported in November-October.

Govt exempts wholesalers and big chain retailers of edible oils and oilseeds from stock limit order

Govt exempts wholesalers and big chain retailers of edible oils and oilseeds from stock limit order

Tue, Nov 01, 2022

"The order will come into effect immediately," the food and consumer affairs ministry said in a statement.

Govt extends concessional custom duty on edible oil import till March 2023

Govt extends concessional custom duty on edible oil import till March 2023

Sun, Oct 02, 2022

With an aim to boost domestic supply and containing prices of edible oil, The Central Board of Indirect Taxes and Customs (CBIC) has extended existing concessional import duties on specified edible oils up to March 31, 2023.

Sharp Decline In The Prices Of Edible Oil, What Are The Reasons Behind The Price Fall In Edible Oil?

Sharp Decline In The Prices Of Edible Oil, What Are The Reasons Behind The Price Fall In Edible Oil?

Mon, Sep 26, 2022

Edible oil prices fell sharply. Why did the prices of edible oil fell? Palm oil expected to fall 30% this year. Know full details from Neha Anand.

Mention net quantity, not temperature details at time of packing: Govt tells edible oil makers, packers

Mention net quantity, not temperature details at time of packing: Govt tells edible oil makers, packers

Fri, Aug 26, 2022

Ideally, edible oil should be packed at 30 degrees Celsius. If packed at 21-degree Celcius, the weight should be mentioned as 919 grams.

Commodities Live: Centre Directs Edible Oil Firms To Declare Correct Net Quantity

Commodities Live: Centre Directs Edible Oil Firms To Declare Correct Net Quantity

Thu, Aug 25, 2022

The central government has advised edible oil manufacturers and importers to declare the correct amount of weight on the packet. Along with this, the government has also directed that the oil manufacturers should declare the exact amount of oil in the packet without mentioning the temperature.

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