Edible Oil News

Latest News on Edible Oil

• Side Effects of Using Refined Oil

  Refined oil is used in every kitchen to cook foods but do you know the potential side effects of using refined oil? Read the below details to find more.…

• Massive Oil Palm Cultivation Initiative: India Gears Up for Mega Plantation Drive in July and August 2023

  The Mega Oil Palm Plantation drive is a significant step towards achieving the National Mission for Edible Oils' objectives.…

• Palm Oil and Soyoil: Lower Prices Led Significant Increase in India's Imports in June

  India's increased palm oil imports in June, reaching 655,000 metric tons, indicate a potential market recovery that would benefit Malaysian palm oil futures and aid inventory reduction for Indonesia and Malaysia.…

• Govt Waives Import Duty on Crude Soybean Oil & Sunflower Seed Oil

  The Indian government's move to exempt customs duty and agricultural infrastructure and development cess on crude soyabean oil and crude sunflower seed oil is a welcome relief for consumers.…

• Sharp Drop in Global Edible Oil Prices Triggers Surge in Imports

  Due to reduced global prices for palm, soybean, and sunflower oils, edible oil imports increased sharply during the first five months of the current oil year (November-December).…

• Amul to Launch New Fixed-Price Edible Oil Pack Amidst Rising Inflation

  In interference with the edible oil retailing cooperative major Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) has launched a fixed-price retail pack of refined cottonseed oil for Rs 100.…

• Palm Oil Prices Surge High for The Sixth Week

  There is also a high demand for edible oil in the international markets because of Ramadan which started on Wed, Mar 22, 2023 and will continue until evening of Fri, Apr 21, 2023.…

• 5 Dangerous Oils Cholesterol Patients Must Avoid!

  High cholesterol is attributed by experts to a bad diet, binge drinking, smoking, and insufficient exercise. Fats are another key macronutrient that has a significant impact on cholesterol risk. Here's a list of oils that high-cholesterol patients should avoid.…

• Mustard Oil vs Sunflower Oil: Which is Better?

  Both sunflower oil and mustard oil are the mainstays of Indian cooking. Each cooking oil has its own set of advantages and disadvantages. So, how does one go about differentiating between the two?…

• Why is Peanut Oil a Superior Cooking Oil?

  Peanut oil, as the name suggests, is an oil that is extracted from peanut seed. This oil is a vegetable oil used in cooking because of its many health benefits. In this article, we will discuss what makes peanut oil superior in quality to other…

• Edible Oil Imports Increase 11% in November on Record Palm Oil Shipments: SEA

  In November, India imported 15.28 lakh tonnes (lt) of edible oil, up from 13.65 lt in October, showing an 11.92% increase.…

• India's Edible Oil Import Bill Increases by 34% at Rs 1.57 lakh crore: SEA

  India imported 131.3 lakh tonnes of edible oils in the 2020-21 oil year for Rs 1.17 lakh crore last year.…

• Big Relief for Edible Oil Wholesalers & Retailers as Govt Exempts Stock Limit on Edible Oil

  The government has decided to make a timely interruption and this led to a visible decline in the ever-rising prices. Not only this, but this intervention will help to keep a check on black marketing, profiteering, and hoarding.…

• Edible Oil Prices Goes Up Due to Festival Demand

  The prices of edible oil have gone up in the Nagpur wholesale market due to high festive demand.…

• Food Ministry Extends Concessional Import Duties on Edible Oils Until Mar 2023

  With edible oil prices at an all-time high last year, the government reduced import duties on palm oil several times to increase domestic availability.…

• Resume Futures Trading in Crude Palm & Soybean Oil: Industry Body to SEBI

  Edible oil importers have suffered significant financial losses as a result of a double whammy caused by abnormal volatility in international and domestic prices on the one hand and a weakening rupee on the other.…

• Good News for Consumers! Edible Oil & Cereals Becomes Cheaper

  The July decline was the steepest monthly fall in the value of the index since October 2008, led by significant drops in vegetable oil and cereal indices, while those of sugar, dairy, and meat also fell but to a lesser extent.…

• Edible Oil Imports Increased 28% in July as Traders Purchased More RBD Palmolein & Soya oil

  RBD palmolein imports increased to 11.44 lt in the first nine months of the oil year 2021-22 (November to October) from 43,271 tonnes the previous year. He stated that the import of RBD palmolein during the first nine months of the oil year 2021-22 is…

• Fall In Global Prices of Edible Oil, Imports Increased 31% To 1.2 MT In July

  The Solvent Extractors' Association of India (SEA) said in a statement on Friday that the import of vegetable oils, including both edible and non-edible oils, increased by 24 percent to 1,214,353 tonnes in July of this year.…

• States Demand Implementation of MSP for Edible Oil and Pulses at NITI Aayog Meet

  The prime minister stressed the significance of the topics during the meeting, particularly the need for India to concentrate on modernised agriculture, animal husbandry, and food processing to become self-sufficient and a global leader in the agriculture sector, according to a statement from NITI Aayog.…

• SEA Warns Processors on Manufacturing of Fake Edible Oil

  He stated that the FSSAI (Food Safety and Standards Authority of India) is aware of this and that officials may increase monitoring of regulatory compliance by food business operators to protect consumer health.…

• Good News for Consumers! Edible Oil Prices to be Reduced by Rs 10-12

  Since May, the Center has met with manufacturers three times to discuss costs and stock. Following a meeting with manufacturers on July 6, the government requested edible oil companies to lower retail prices in light of declining worldwide prices.…

• Malaysian Palm Oil Prices Going up in Global Markets

  Malaysian palm oil futures rose for a third straight session and ended Friday’s session on a positive note. Gains in soy oil bucked the upward trend. Soy oil is climbing higher over the past few days on concerns due to tight soybean harvest and perception…

• Good News for Consumers! Edible Oil Becomes Cheaper by Rs 30

  On July 6, the food ministry organised a conference to address edible oil costs and instructed edible oil companies to pass on savings from a drop in the price of cooking oil to customers.…

• Edible Oil Becomes Cheaper by Rs 15/Litre, Prices Still Higher Than Last Year

  On Friday, the retail price of sunflower oil dropped from Rs. 191.93 per kg to Rs. 185.6 per kg, a 3.30 percent decrease. However, compared to the same day last year, the retail price of sunflowers is still 12.31% higher.…

• Govt Orders Leading Edible Oil Associations to Immediately Decrease Prices by Rs. 15

  During the meeting, it was discussed that the international prices of imported edible oils are on a downward trend, which is a very positive picture in the edible oil scenario, and that the domestic edible oil industry must ensure that the prices in the domestic…

• Good News! Rice Bran Oil and Soyabean Oil Becomes Cheaper

  Dhara Refined Soybean Oil (Poly Pack) will now cost Rs. 180 per litre against its previous cost i.e., Rs. 194 rupees per. On the other hand, the cost of Dhara Refined Rice bran Oil (Poly Pack) was slashed to Rs. 185 from Rs. 194 per…

• NDDB to Revive Edible Oil Cooperatives and Fruit & Vegetable Sector

  NDDB was instrumental in establishing edible oil co-operatives across the country in the 1980s. Now, with global edible oil prices rising and supply shortages caused by the Ukraine crisis, the NDDB plans to re-engage with edible oil cooperatives in order to boost domestic production.…

• SOPA Urges Govt to Roll Back Customs Duty Exemption on Edible Oils

  Soybean Processors Association of India, or SOPA, is the only national level body in India that represents soybean processors, farmers, exporters, and brokers in their efforts to strengthen soybeans as a viable crop.…

• NDDB & KOF Inks MoU with University of Agricultural Sciences, Bangalore for Sunflower Seed Production in Karnataka

  Union Minister said that availability of credible sources of hybrid seeds has become a big lacuna. She appreciated the joint efforts of NDDB and KOF to take up commercial production of successful sunflower hybrid seeds so that farmers get superior seeds.…

• As India Scours for Edible Oil, Demand for Rice Bran Oil Increases

  According to industry officials, rice bran oil is one of the fastest-growing edible oils, although it only makes up a small fraction of India's total vegetable oil consumption.…

• After Mother Dairy, Adani Wilmar Cuts Down Edible Oil Prices by Rs. 10

  Stocks with new prices will be available on the market soon, according to the report.…

• Great News! Edible Oils to Get Cheaper as Brands Cut MRP By Up to Rs 20/Litre

  Currently, a litre of Dhara sunflower oil costs Rs 235, while a mustard oil bag costs Rs 210. By next week, Dhara edible oil varieties with the new MRP will be available on the market.…

• Coconut Oil Not to Benefit from Price Rally in Other Edible Oils

  According to Thalath Mahmood, director of the Cochin Oil Merchants' Association (COMA), the market has been on a downward trend for a long time, with no help from local purchasers.…

• Central Government Raids Several States for Hoarding Edible Oil

  By March 2024, the government plans to abolish the custom duty and agriculture infrastructure cess on imports of 2 million tonnes of crude soybean and sunflower oil.…

• Edible Oil Prices Go Down as Govt Takes This Bold Move

  The announcement comes as India's edible oil costs have risen dramatically. India is one of the world's top importers of vegetable oil, relying on imports for 60% of its requirements.…

• HPSC Recruitment 2022: Golden Opportunity for Agriculture Students! Earn up Upto Rs 1.2 Lakh/Month with This Job

  Candidates that meet the requirements can apply online before June 16, 2022. On the hpsc.gov.in/ recruitment 2022 page, candidates may view the latest Haryana Public Service Commission Recruitment 2022 Agricultural Development Officer Vacancy 2022 details and apply online.…

• Know the Risks of Reheating Cooking Oil & How It Can Harm Your Body

  Reheating or reusing cooking oil may be the source of your increased acidity or rising cholesterol levels. Read on to find out why you should pay attention to this extremely common but often overlooked kitchen practice of cooking food in used cooking oil.…

• Indonesia to Resume Palm Oil Exports; India May Import More Soya Oil Than Palm Oil

  In India the retail oil prices have been reduced by Rs 2 per kg approximately after Indonesia’s announcement regarding lifting of the palm oil export ban. India’s cooking oil prices may soften further as more imported supplies arrive in the ports.…

• As Supply Increases, Indonesia Lifts Its Ban on Cooking Oil Exports

  The world's major exporters of palm oil are Indonesia and Malaysia, which rely heavily on the commodity. They produce 85% of all palm oil in the world.…

• Top Edible Oil Stocks To Consider: Find Out The List Here

  With the restriction on palm oil exports, prices for all edible oils such as sunflower, mustard, and soy oil may rise. This would help Indian edible oil producers increase their profits on unsold inventories.…

• BL Agro: An Edible Oil Firm Aims Rs 4,500 Cr Turnover in FY23

  Despite primarily dealing in bulk, the company has experienced rapid growth in the retail market under the 'Bail Kolhu' brand of cooking oils. In 2019, it also launched a variety of food products under the 'Nourish' brand, including atta and other wheat products, pulses, besan,…

• Farmers are Sowing More Sesame and Groundnut Seeds as Cooking Oil Prices Continue to Increase

  Since cooking oil prices keep rising in retail and wholesale markets across the country, farmers have grown sesame, a significant oilseed crop in Gujarat, on more than one lakh hectares in the current summer season.…

• India Has Sufficient Edible Oil to Tide Over Indonesian Crisis, Says Government

  Mustard seed sowing increased by 37% in all main producing states, including Rajasthan, in comparison to previous year, raising production to 114 LMT in the 2021-22 season.…

• Indonesian Palm Oil Export Ban to Hit India Badly; 290,000-tonne Shipments Get Stuck

  According to authorities, the interruption in shipments caused by Indonesia’s decision to expand its export prohibition to include crude and refined palm oil may result in a vegetable oil scarcity in India, the world’s largest consumer.…

• Prices of Edible Oils are Likely to Soar as Indonesia decided to Ban Palm Oil Exports

  Due to increased demand and low output from key exporters of Indonesia and Malaysia, worldwide crude palm oil prices have soared to new heights this year.…

• Edible Oil Industry Seek Hike in Import Duty Gap Between Crude & Refined Palm Oil

  “Our palm refining industry would be reduced to being mere ‘packers’ seriously jeopardizing heavy industry investments. We believe that this situation must be corrected before investments turn sour and add to lenders’ NPAs (Non-Performing Assets),” SEA stated.…

• Government intends to limit edible oil imports by encouraging domestic sunflower production

  As per the official, the area under cultivation of sunflowers decreased to 1.94 mh between 2005 and 2010. “At the moment, it is grown on only 0.2 mh, primarily in Karnataka, Maharashtra, and Andhra Pradesh,” the official explained. Sunflower was previously grown in Punjab, Tamil…

• Government Launches Inspection Campaign To Check Edible Oil & Oilseed Hoarding

  Other steps, according to the secretary, include lowering import duties on edible oils, extending stock holding limitations till the end of the year, ensuring early vessel clearance at ports, as well as streamlining imports through private merchants.…

• Russia-Ukraine War Hits Household Budget in India Vegetable, Oil, Milk Prices on Rise

  The rise in global crude oil prices as a result of the Russia-Ukraine conflict has had an influence on India's household budget, with recent increases in fuel and diesel costs, as well as more expensive vegetables and power.…