Edible Oil News

Latest News on Edible Oil

• 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.…

• Edible Oil Stock Limits Extended Till End of December

  The government set stock holding limits on edible oils and oilseeds until March 31, 2022, in October 2021.…

• Edible Oil Prices Increased in February, a Further Hike Expected! Check All Statistics Inside

  Consumption of vegetable oils has trebled over the past 20 years in India. As a result, the country has become the world’s biggest importer of edible oils.…

• Mustard Oil Vs Refined Oil: Know The Differences & Which is More Healthier?

  Oil is one of the most crucial and almost unavoidable components in food, so it's a good idea to educate yourself on the various types available. Keep reading to learn more.…

• India Imported 17.44 LMT Edible Oils from Ukraine & 3.48 LMT from Russia in 2020-21

  Imports of edible oils are subject to an Open General Licence (OGL). The required quantities are imported from abroad by the private sector. For the purpose of facilitating imports, the government has held meetings with private industry and edible oil associations.…

• A New Policy Aims To Increase Edible Oil Output While Decreasing Imports

  According to officials, mustard seeding grew by 24 percent in the same period of rabi season (2021-22) to 9.1 million hectares (mh) compared to close to 7.3 mh recorded a year earlier. In the next years, the goal would be to increase the agricultural area…

• Edible Oil Prices: “Illegal Hoarding & Black Marketing” – Reasons for Increasing Rates

  Edible Oil prices are on the rise; Find the reason in this article.…

• US Bans Russian Oil Imports, Know How This Move Will Affect Global Economy

  The move came after Ukrainian President Volodymyr Zelenskyy urged US and Western diplomats to halt Russian imports. Despite heavy limitations on Russia's banking sector, energy exports have preserved a continuous flow of cash streaming into the country.…

• Centre Monitors Edible Oil Prices and Consumption Patterns for Data

  The government has started to gather price information from the market, as well as data on regional-specific consumption patterns, to keep a careful eye on the daily movement of retail and wholesale prices of several essential commodities, especially edible oils.…

• Latest News! Cooking Oil Prices Shoot up by Rs 25 as a result of Ukraine- Russia War

  Edible Oil prices have gone up by Rs 25in various cities of India as the result of Ukraine-Russia War situation; the Supply chain has been badly affected.…

• SEA Asks Its Members to Reduce MRP on Edible Oils Once More

  The association has requested its members to lower costs for the third time in four months. The organization had previously requested its members to lower cooking oil rates before Diwali in November and later in December.…

• Mustard Oil Prices: Good News! Now Get 2 Litres Mustard Oil for Just Rs 50

  The Government is providing 2 litres of Mustard oil (Sasron Tel) for only Rs 50/-. Find Details below.…

• How to Check Argemone Seeds Adulteration in Mustard, as per FSSAI

  Argemone seeds are grown alongside mustard seeds. The seeds of the argemone resemble mustard seeds. They mature at the same time as the mustard crop and can be harvested at the same time. However, they are inedible.…

• Stock Limits on Edible Oils and Oilseeds Extended Till June

  The stock limit on edible oils and oilseeds, which was set to expire on June 30, has been extended by the Centre.…

• Fortune Oil Maker ‘Adani Wilmar’ Plans to Acquire Southern Players in Edible Oil & FMCG Industry

  Fast moving consumer goods (FMCG) company Adani Wilmar, known for edible oil 'Fortune', is looking to acquire small regional companies with a corpus of ₹450 crore.…

• India Plans to Switch to Soft Oils as Indonesia Restricts Palm Oil

  Indonesia is drafting a plan to limit palm oil shipments to tame domestic cooking oil prices. Officials say that while India can raise its palm oil supplies from Indonesia's rival supplier Malaysia, it is unlikely to be able to meet the shortfall.…

• Top Edible Oil Brands Slash MRP by 10-15 Percent to Give Relief to Customers

  Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the MRP of their products by 10-15 per cent to provide relief to consumers.…

• Good News! Edible Oil Prices Down By Rs. 20, Details Inside

  The Central Government stated that retail prices of edible oils across the country are higher than the global market a year ago but they have declined since October 2021.…

• Govt Intends to Increase Oil Palm Area to Achieve ‘Aatmanirbharta’ in Edible Oil: Tomar

  Union Minister of Agriculture Narendra Singh Tomar stated that the government intends to achieve ‘Aatmanirbhar (self-sufficiency)’ in edible oil by increasing the area under oil palm cultivation to 28 lakh hectares from the current 3 lakh hectares.…

• Rapeseed Output To Grow By 30% In 2020-21: COOIT

  There is some good news for India’s predominantly import-dependent edible oil sector. The rapeseed production in India is likely to grow by 29.5% during the 2020-2021 crop year.…

• Edible Oil Prices Fall by Rs 10/kg in Last 30 days, Experts Expect Further Decline

  Edible Oil prices declined by Rs 8-10 per Kg in the past month mainly due to lower import duties, and may continue to decline further by Rs 3-4/kg in the coming months on the account of higher domestic output of oilseeds.…

• Cargill  Buys Edible Oil Refinery in Andhra Pradesh to Expand its Footprint

  Food major Cargill has acquired an edible oil refinery in Nellore in Andhra Pradesh to expand its footprint in Southern India and strengthen its existing supply chain in the country.…

• Malaysian Palm oil Appreciates Week on Week – Further Gains Likely This Month

  Malaysian palm oil ended the week on a positive note and the benchmark contract at Bursa Malaysia exchange was up 1.05 percent week on week, settling at 4988 ringgit/tonne. As understood from the charts, the benchmark contract will move towards 5200 in the coming days…

• Edible Oil: Huge Decline In Edible Oil Costs Across The Country

  The Government has cut the basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil from 2.5% to nil in a bid to reign in continuous rise in the cooking oil prices since past one year. The Agri-cess on these Oils has…

• Edible Oil Manufacturers Cut Wholesale Prices By Rs 4 To Rs 7 Per Litre

  After the Solvent Extractors Association (SEA) urged its members to do the same, major edible oil companies lowered wholesale rates to relieve customers of excessive prices during the festival season.…

• Edible Oil Stock Limit To Be Implemented By 18 States Before Diwali Celebrations

  The move is intended to lower prices; the decision was made at a meeting today; the UP has already placed limitations.…

• Weekly Outlook for Major Agricultural Commodities Traded at NCDEX and MCX

  The week had ended with respectful gains in guar complex and castor seed. Oil complex and cotton complex markets on the other hand were able to recover after a soft trend during the early part of the week.…

• Customs Duty Waived Off on Edible Oil Imports by the Government – Boon or Bane?

  With the aim of controlling the price rise, recently, government has announced to waive off the customs duty on the import of edible oils like – crude sunflower, palm, and soybean oil.…

• Prices of Cooking Oils Except Mustard Oil Drops

  The government on Friday said retail prices of cooking oils, except mustard oil, have fallen in the domestic market despite a surge in global rates on the back of its decision to reduce import duties on crude and refined edible oils. International prices of edible…

• Business Summit on National Mission on Edible Oils-Oil Palm in NE States held in Guwahati

  A Business Summit for North Eastern States on National Mission on Edible Oil- Oil Palm was held in Guwahati. Addressing as chief guest at the Summit, Narendra Singh Tomar, Union Minister for Agriculture and Farmers Welfare said that holistic and balanced development is the priority…

• Oil Adulteration: Tips to Detect Tri-Ortho-Cresyl-Phosphate Adulteration in Cooking Oil

  Edible Oils are an integral part of cooking or frying items in the kitchen. We often hear in news about adulteration in oil with dangerous & poisonous elements that can cause many health problems and even threaten our lives. Realizing the seriousness of the issue…