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Edible Oil

Adani Wilmar

Adani Wilmar Files Police Complaint Against Sale Of Counterfeit Fortune Brand Products

On Saturday, Edible oil major Adani Wilmar Ltd said it has lodged a police complaint against a B2B platform for allegedly distributing counterfeit products in the name of its 'Fortune' brand. 

22 July 2023

Govt Cuts Import Duty On Refined Soybean & Sunflower Oils To 12.5%

With this reduction, the effective duty on refined edible oils stands at 13.7 per cent, including cess on social welfare. The effective duty on all major crude edible oils is 5.5 per cent.

15 June 2023

Edible Oil Import Rises 8% To 11.35 Lakh Tonnes In March

From November 2022 to March 2023, the import of palm products sharply increased due to price parity at 43,99,128 tonnes compared to 26,53,253  tonnes in the year-ago period

15 April 2023

India's Oilseed Exports May Grow By 10-15% This Fiscal; Exporters

In 2022-23, the oilseed exports rose by over 20 per cent to USD 1.33 billion (around Rs 10,900 crore). The main oilseeds exported by the country are groundnut, sesame, soyabean, castor, niger, and sunflower.

26 June 2023

Edible oil

Mother Dairy Reduces MRP Of Dhara Edible Oils By Rs 10/Litre

The reduction in the MRP is in line with fall in prices of edible oils in the global market, the company said.

08 June 2023

Edible Oil

Edible Oil Makers Get Additional 6 Months To Remove Packing Temperature Details

Earlier, the entities were given the deadline of January 15 for correcting the labelling

30 January 2023

Govt Cuts Import Duty On Refined Soybean, Sunflower Oils To 12.5 %

Usually, India imports 'crude' soybean and sunflower oils, and not their 'refined' form. Yet, the government has reduced the duty on refined soybean and sunflower oils.

16 June 2023

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SEA Seeks Hike In RBD Palmolein Import Duty To 20% To Protect Domestic Refiners

SEA Seeks Hike In RBD Palmolein Import Duty To 20% To Protect Domestic Refiners

In a memorandum submitted to Union Food Secretary Sanjeev Chopra, Solvent Extractors' Association (SEA) President Ajay Jhunjhunwala said the import duty difference between RBD palmolein and Crude Palm Oil (CPO) should be...

09 January 2023

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14 December 2022
Edible Oils Import Up 34% To 15.29 Lakh Tonne In November

Edible Oils Import Up 34% To 15.29 Lakh Tonne In November

The Solvent Extractors' Association of India (SEA) on Wednesday released the data of imports of total vegetable oils comprising edible oil and non-edible oil...


31 October 2022
How The Push To GM Mustard May Help In Controlling India's Forex Outgo

How The Push To GM Mustard May Help In Controlling India's Forex Outgo

Import of edible oil has been a big part of India's increasing import bill, which subsequently weighs down on India's forex reserve


02 October 2022
Concessional Import Duties On Edible Oils In Place Till March 2023

Concessional Import Duties On Edible Oils In Place Till March 2023

The food ministry in its latest statement said that the CBIC's decision of extending existing concessional import duties on specified edible oils is in place...


13 July 2022
India's Palm Oil Imports Rise Marginally To 5.90 Lakh Tonnes In June: SEA

India's Palm Oil Imports Rise Marginally To 5.90 Lakh Tonnes In June: SEA

The total import of vegetable oils (both edible and non-edible oils) remained lower at 9.91 lakh tonnes in June this year from 9.96 lakh tonnes in the year-ago...


07 July 2022
How Crash In Edible Oil Prices Will Impact Consumers & FMCG Companies

How Crash In Edible Oil Prices Will Impact Consumers & FMCG Companies

The government on Wednesday directed the edible oil manufacturers to further cut the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per...


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06 July 2022
Why Global Recession Can Be Good News For Modi Government

Why Global Recession Can Be Good News For Modi Government

From crude, metal to edible oil, prices of most commodities are dipping—a good news for India which is a net importer of commodities


06 July 2022
Govt Asks Companies To Cut Edible Oils Price By Up To Rs 10/L, Maintain Uniform MRP Of Same Brand Oil

Govt Asks Companies To Cut Edible Oils Price By Up To Rs 10/L, Maintain Uniform MRP Of Same Brand Oil

As India imports more than 60 per cent of its edible oil requirement, retail prices came under pressure in the last few months taking cues from the global...


22 June 2022
Edible Oil Prices Ease; Major Brands Cut MRP By Rs 10-15 Per Litre: Govt

Edible Oil Prices Ease; Major Brands Cut MRP By Rs 10-15 Per Litre: Govt

As per government data, the average retail prices of packaged edible oils have ease slightly, except for groundnut oil, across the country since the beginning...


31 May 2022
Oil Of Great Import

Oil Of Great Import

India’s edible oil import bill has gone beyond the humongous figure of Rs 1 lakh crore. With the government pushing for domestic production, especially of...


26 May 2022
BJP Exposed As It Failed To Fulfil Pre-Poll Promises: Dotasra

BJP Exposed As It Failed To Fulfil Pre-Poll Promises: Dotasra

The prices of petrol, diesel and cooking gas are very high. All the essential commodities including textiles, pulses and edible oil have become out of reach...


03 May 2022
How Edible Oil Can Prove To Be Strength As Well As Weakness For Adani Wilmar

How Edible Oil Can Prove To Be Strength As Well As Weakness For Adani Wilmar

As Adani Wilmar eyes domination of the domestic edible oils market, focus falls on the implications of geopolitical concerns


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31 March 2022
Sunflower Oil Supply To Reduce By 25% In India Amid Russia-Ukraine Crisis: CRISIL

Sunflower Oil Supply To Reduce By 25% In India Amid Russia-Ukraine Crisis: CRISIL

Refined sunflower oil constitutes 10 per cent of the country's consumption of 230-240 lakh tonnes of edible oils annually and almost 60 per cent of the demand...


02 March 2022
These Five Sectors Have Been Hit In India By Ukraine-Russia War

These Five Sectors Have Been Hit In India By Ukraine-Russia War

Amid the ongoing tension, the Black Sea port region—which is an arterial supply route for trade from erstwhile soviet states to Europe and Asia—has also...


27 February 2022
Oil Industry Weighs Options To Import Edible Oils From Other Countries Amid Russia-Ukraine Crisis

Oil Industry Weighs Options To Import Edible Oils From Other Countries Amid Russia-Ukraine Crisis

Industry players expect prices of cooking oils to remain stable as the supply of domestic mustard oil will improve from next month. Harvesting of mustard seeds...


26 February 2022
How Government Stands To Lose Up To Rs 1 Trillion Amid Russia-Ukraine Conflict

How Government Stands To Lose Up To Rs 1 Trillion Amid Russia-Ukraine Conflict

Amid the escalations, edible oil prices are also likely to go up after Russian President Vladimir Putin launched military operation in Ukraine.


25 February 2022
India Halts Sunflower Oil Imports As Russia-Ukraine Conflict Escalates: Report

India Halts Sunflower Oil Imports As Russia-Ukraine Conflict Escalates: Report

Ukraine and Russia are the major suppliers of sunflower oil, with India importing approximately 90 per cent of sunflower oil from Russia and Ukraine.


24 February 2022
Why Edible Oil Prices Are Set To Rise Amid Russia-Ukraine Crisis

Why Edible Oil Prices Are Set To Rise Amid Russia-Ukraine Crisis

India imports around 90 per cent of sunflower oil from Russia and Ukraine, hence, the crisis is likely to impact prices and supply in the country. 


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