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Edible Oil Prices

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 till March 2023

02 October 2022

Number of people living in poverty, or are vulnerable to poverty, stands at over 5 billion

Inflation Pushed 71 Million People Into Poverty Since Ukraine War

The UNDP estimates that 51.6 million more people fell into poverty in the first three months after the war, living off $1.90 a day or less


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 of this month and are ruling between Rs 150 and 190 per kg


Patanjali Foods To Soon Reduce Prices Of Palm, Sunflower, Soyabean Oil By Rs 10-15/Litre

Earlier this month, the food ministry had directed edible oil companies to reduce prices of edible oil in line with the fall in global rates

19 July 2022

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 market. However, there has been a correction, resulting fall in...


Refined sunflower oil constitutes 10% of India's consumption of 230-240 lakh tonnes of edible oils.

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 is met through imports.

31 March 2022

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 litre within a week, and maintain a uniform MRP of the same brand of...

07 July 2022

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Nifty Seen Opening Below 16,000 As Russia-Ukraine War Intensifies

Nifty Futures on Singapore Exchange also known as SGX Nifty Futures fell 2.78 per cent or 452 points to 15,792 amid weak global cues

07 March 2022

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03 March 2022
Nifty Seen Opening Higher Amid Firm Global Cues

Nifty Seen Opening Higher Amid Firm Global Cues

Wall Street took another sharp swing Wednesday, this time back to rally mode, as stocks and Treasury yields rose even as U.S. crude oil prices climbed to the...


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...


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. 


21 February 2022
SEA Asks Edible Oil Players To Reduce Minimum Retail Price

SEA Asks Edible Oil Players To Reduce Minimum Retail Price

This is the second time the industry body is requesting its members to cut MRP. Last time, it had asked its members to reduce MRP on edible oils by Rs 3-5/kg...


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03 September 2021
India’s New Edible Oil Plan: What’s Cooking?

India’s New Edible Oil Plan: What’s Cooking?

The newly-launched National Mission on Edible Oil-Oil Palm is high on objectives. But are they achievable?


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