The cost of homecooked vegetarian thali showed a significant decline in the month August after prices for key ingredients, such as tomatoes, vegetable oil, and spices, reduced as compared to previous months this year. According to Crisil’s Roti Rice Rate index, the price of vegetarian (veg) thalis dropped by 8 per cent year-on-year (Y-o-Y), while … Read more
India’s palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the world’s biggest importer of vegetable oil, could support … 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
India’s bill for imports of vegetable oil jumped 63% in 2020/21 from a year ago to a record 1.17 trillion rupees ($15.71 billion) as overseas prices of edible oils surged, a leading trade body said on Tuesday. The South Asian nation is the world’s biggest importer of edible oils, and higher purchases of palm oil, … 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