Angshu Mallick, MD & CEO, Adani Wilmar, says going forward, as the new mustard season has just started, the new meal, oil meal, rapeseed oil meal will be available now for exports. So, the Q1 of FY25 should be better. Overall, the edible oil has been growing. This year has grown at 10%, which is … Read more
Demand for staples such as basmati rice, edible oils and maida (refined wheat flour) has increased up to 35% year-on-year in the ongoing wedding season, said industry executives. The increase in consumption of essential commodities has been witnessed in not only the bigger urban regions but also tier-2 and tier-3 cities, they said. “We are … Read more
Sharp fall in local prices of oilseeds coupled with depreciation of rupees has resulted in a jump of 150% in year-on-year export of oilmeals in November 2022 over the corresponding month of previous year. Export of rapeseed meal in the first 8 months has set a record by breaking previous high of 2011-12 fiscal, said … Read more
The Centre today issued a notification exempting wholesalers and big chain retailers oilseeds and edible oils from the current stock limit order. The stock limit order was imposed last October due to increasing prices of edible oils both in international as well as domestic market. It was then extended upto 30th June, 2022 and further … Read more
Imports of vegetable oils, comprising edible and non-edible oils, fell 13 per cent to nearly 9.12 lakh tonnes during April due to lower import of crude palm oil, according to industry data. The Solvent Extractors’ Association of India (SEA) said in a statement that import of vegetable oils stood at 9,11,846 tonnes in April 2022 … Read more
New Delhi: FMCG stocks were in a rude shock during early trade on Monday following a shortage of palm oil which led to strict actions from major exporting nations. However, edible oil companies gained over the buzz. Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this … Read more
India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development … Read more
The Centre on Tuesday said retail prices of edible oils across the country are ruling higher than a year-ago period in line with the global market but from October 2021 onwards, there is a declining trend. According to the trend from 167 price collection centres, retail prices of edible oils have declined quite significantly in … Read more
Wholesale onion prices this month are ruling 25% to 30% higher than in January. Prices of pulses and wholesale edible oil, too, have increased helped by government measures to boost farmers’ income such as import restrictions and procurement at minimum support prices. Prices of masur (lentil) and urad have increased by 10% over January, while … Read more