Edible Oil Industry Urges Centre Not To Extend Export Ban On De-Oiled Rice Bran
India typically exports about 5 to 6 lakh tonnes of de-oiled rice bran, primarily to Vietnam, Thailand, and other Asian countries, establishing itself as a reliable supplier in the international market
May 26, 2024, 16:21 PM IST
Govt Slashes Import Duty On Soyabean, Sunflower Oils
Basic import duty on refined soyabean oil and refined sunflower Oil reduced from 17.5 per cent to 12.5 per cent.
Jun 16, 2023, 12:15 PM IST
Big Relief For Consumers! Govt Asks Companies To Cut Edible Oil Prices With Immediate Effect
The stakeholders were advised to take up the issue with their members immediately and ensure that the MRP of each oil brand be reduced in line with the decline in the international prices of edible oils with immediate effect.
May 05, 2023, 08:37 AM IST
Mother Dairy Cuts Rates Of Dhara Edible Oils By Rs 15-20 From Immediate Effect
The international prices of imported edible oils are on a downward trend which gives a positive scenario in the edible oil sector in India.
May 04, 2023, 20:53 PM IST
India's edible oil imports rise 22 % year-on-year in December 2022
The overall import of vegetable oils during the first two months of oil marketing year 2022-23 (November-December) is reported at 3.1 million tonnes compared to 2.4 million tonne during the same period of last year, up by 30 per cent, data showed.
Jan 15, 2023, 13:40 PM IST
Govt orders edible oil firms to declare correct quantity on labels; Here is WHY
Under the Legal Metrology (Packaged Commodities) Rules, 2011, it is mandatory to declare the net quantity in terms of standard units of weight or measure apart from other declarations on all pre-packaged commodities in the interest of consumers.
Aug 25, 2022, 13:47 PM IST
How will import duty cut on two edible oil varieties help boost supply? Govt asks industry bodies
According to official sources, Food Secretary Sudhanshu Pandey has written to the Solvent Extractors Association of India (SEA), Indian Vegetable Oil Producers Association (IVPA) and Soybean Processors Association of India (SOPA) in this regard.
Jul 12, 2022, 07:44 AM IST
Big relief for consumers! Govt directs companies to cut edible oils price by up to Rs 10 per litre, maintain uniform MRP
The government has directed 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.
Jul 06, 2022, 20:06 PM IST
Edible oil prices become cheaper, major brands cut MRP by Rs 10-15 per litre --Check new rates here
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.
Jun 23, 2022, 08:40 AM IST
After relief on edible oil, sugar price rise to be prevented! Government takes big decision
In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.
May 25, 2022, 10:18 AM IST
Good news for consumers! Edible oil prices to go down as govt takes THIS bold move
The announcement comes in the wake of a surge in edible oil prices in India. India is one of the world’s largest vegetable oil importers and relies on imports for 60 per cent of its needs.
May 25, 2022, 07:43 AM IST
Edible oil gets a massive price cut: Here’s how much it will cost now
Mustard Pakki Ghani and Kachi Ghani oil prices declined by Rs 40 per tin (15 kg) to Rs 2,365-2,445 and Rs 2,405-2,515, respectively.
May 23, 2022, 15:21 PM IST
Big respite for Indian consumers as edible oil price eases: Here’s list of things that could get affordable
With Indonesia finally restarting the palm oil exports, the prices of edible oils and other daily life products could go dow.
May 20, 2022, 14:15 PM IST
India looking at tapping new markets for edible oil: FM Nirmala Sitharaman
India valves out to the new markets for import of edible oils, as conflict rises between Ukraine and Russia, Union Finance Minister Nirmala Sitharaman said here on Tuesday.
May 11, 2022, 12:10 PM IST
DNA: Why is there a crisis of edible oil in the world?
There is a serious crisis of edible oil all over the world. This simply means that there may be a shortage of edible oil coming to your house in the next few days.
Apr 30, 2022, 02:34 AM IST
Stock limit on edible oils, oilseeds extended up to Dec 31
A notification from the Ministry of Food, Consumer Affairs and Public Distribution's Department of Food and Public Distribution published on Wednesday, extended the date from March 31 to December 31.
Mar 31, 2022, 18:02 PM IST
Amid Russia-Ukraine war, Centre making efforts to check rise in edible oil, fuel prices: MoS Bhagwat Karad
Central government is making efforts to check the rise in edible oil and fuel prices.
Mar 11, 2022, 19:10 PM IST
Edible oil prices dropping consistently; better mustard seed crop to soften rates: Food Secretary
Food Secretary Sudhanshu Pandey said that edible oil prices in India are consistently coming down after the government intervention.
Dec 30, 2021, 18:39 PM IST
Govt slashes import duty on refined palm oil to 12.5% to cool retail prices
With reduction in the basic custom duty (BCD), the effective levy (including social welfare cess) on both refined palm oil and refined palmoline will come down to 13.75 per cent from 19.25 per cent, according to Solvent Extractors' Association of India (SEA).
Dec 22, 2021, 09:36 AM IST
Edible oil prices down by up to Rs 10 in last 30 days, could fall further
Edible oil prices declined by up to Rs 8-10 per kg in last one month mainly on the back of lower import duties.
Dec 12, 2021, 08:30 AM IST
