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
India’s palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties, brokers and dealers said. Higher purchases by India, the world’s biggest buyer of vegetable oils, could … Read more
India, the world’s top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and is mulling cutting taxes on those imports to soften the blow to the economy, industry officials have said. The government is considering reducing taxes on vegetable oil imports … Read more