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.
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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.
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.....
Fri, May 27, 2022
Government's strictness on edible oil and oilseeds traders continues. Raids of central teams are going on in Madhya Pradesh, Gujarat, Rajasthan. Raid is being conducted to stop hoarding related to edible oil. Fresh action is being taken to curb hoarding. Raids are going on on wholesalers, stockists, retailer refiners. Know the full news from Ambarish Pandey on Commodities Live.
Wed, May 25, 2022
The government announced the removal of customs duty and agricultural infrastructure cess on import of 20 lakh tonnes of crude soybean and sunflower oil annually. Edible oil will be cheaper with this exemption in import duty. After the wheat export ban, the government has now banned sugar export effective from June 1. How effective is the war on inflation? Watch this special report of Aapki Khabar Aapka Fayda.
Most edible oil companies’ shares slipped around 5 per cent on the BSE intraday as the government on Tuesday evening announced an import duty cut on soyabean and sunflower oils to curb inflation.
Tue, May 24, 2022
The Government of India is considering reducing the import duty on soybean and sunflower oil. According to sources, the government is considering whether to reduce or eliminate the Agriculture Infrastructure and Development Cess, which is currently 5%. Watch Commodities Live with Mrityunjay Kumar Jha.
Last week to control spiralling prices, the government had cut excise duty on petrol and diesel and also waived import duty on some raw materials used in steel and plastic industry. Besides, export duty was hiked on iron ore and iron pellets
Wed, May 04, 2022
Today Reserve Bank of India Governor Shaktikanta Das announced to increase the repo rate. Repo rate has been increased by 0.40% by RBI. With this, the repo rate increased from 4 percent to 4.40%. He cited rising inflation, geopolitical tensions and rising commodity prices as the main reasons behind the move. How will the price of edible oil come down? What is the solution to inflation in cooking oil? Will there be relief from inflation in edible oil? Will the import duty be reduced on rice bran oil? Watch Commodities Live to know the opinion of Food Secretary on edible oil.
After Indonesia's ban on Palm Oil exports, India has started negotiations with other countries to maintain the supply of edible oil in the country and discussions are ongoing to import other oils, Zee Business Ambarish Pandey report.
Sun, May 01, 2022
The government has been keeping a close watch on the prices of edible oils so that appropriate measures can be taken to keep a check on the prices, an official release said on Sunday.
Tue, Apr 26, 2022
The government is keeping an eye on the rising prices of edible oil and will be holding a review meeting with all stakeholders concerned this week, sources told Zee Business correspondent Ambarish Pandey.
With Indonesia banning exports of palm (edible) oil amid severe shortage, the shares of Indian edible oil companies have come into focus, surging up to 9 per cent on the BSE intraday amid a positive demand outlook.
Tue, Apr 12, 2022
Government teams have found a large hoarding of soyabean and mustard seeds in Madhya Pradesh, the Union Ministry of Consumer Affairs, Food and Public Distribution announced on April 12, 2022, in a PIB release.
Tue, Apr 05, 2022
The government said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability. The average retail price of sunflower oil is ruling as high as Rs 184.58 per kg as on April 4 compared to the rate of Rs 161.71 kg on January 1 this year. The average groundnut oil prices were ruling flat at Rs 181 kg on April 4, but mustard oil saw an increase of Rs 2.78 per kg to hit Rs 188.54 in the said period. Similarly, the average retail price of soyabean oil has increased to Rs 162.13 per kg from Rs 148.59 per kg, while that of palm oil has risen to Rs 151.59 per kg from Rs 128.28 per kg in the said period.
Wed, Mar 30, 2022
India has now struck a deal for 45,000 tonnes of Russian sunflower oil for shipment in April at a record high price. India imports maximum sunflower oil from Ukraine, but the imports have been affected due to Russian attack. Hence the prices of edible oil have also increased.
Sun, Mar 06, 2022
The Russia Ukraine conflict and the festive demand have impacted the prices of the edible oils across the country.
Wed, Mar 02, 2022
Malaysian palm oil futures jumped past 7,000 ringgit to hit a record high on Wednesday, extending a breathless rally that has been driven by disruptions of vegetable oil supply from the Black Sea region following Russia`s invasion of Ukraine
Wed, Feb 09, 2022
The Ministry of Consumer Affairs, Food & Public Distribution said on Wednesday that a meeting was held with States and Union Territories (UTs) to discuss the implementation of measures to curb any unfair practices like hoarding and black marketing.
Fri, Feb 04, 2022
Government has extended curbs on stock quantities on edible oils and oilseeds till 30 June 2022.
Fri, Dec 31, 2021
In this special segment know how was year 2021 for edible oil market and how it will be in new year 2022?
Wed, Dec 29, 2021
A total of 4461 oil samples grouped into 15 different oil types from 587 districts across the country and four metros were picked by the food safety officers of various states and Union Territories.
Sat, Dec 11, 2021
"The last few months have been harrowing for the Indian edible oil consumer largely on account of very high international prices of all oils viz palm, soya and sunflower," Solvent Extractors' Association of India (SEA) President Atul Chaturvedi said in a statement
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