Edible Oil

Edible oil imports up 22% to ₹1.61 trillion in 2024-25; volume flat: SEA

India imported 16 million tonnes of edible oils for nearly Rs 1.61 lakh crore during the 2024-25 marketing year ended October to meet domestic demand, according to industry body SEA. In the 2023-24 marketing year (November-October), India's edible oil imports stood at 15.96 million tonnes worth Rs 1.32 lakh crore, as per the Solvent Extractors' Association of India (SEA) data released on Thursday. The increase in edible oil imports in value terms was 22 per cent because of higher global prices. India imports palm oil from Indonesia and Malaysia while the soyabean oil comes from Argentina and Brazil. "To bridge the gap between supply and demand, India has resorted to imports since 1990s. In the initial period, the import volume was very low. However, in the last 20 years (2004-05 to 2024-25), import volume has increased by 2.2 times while cost of import has gone up nearly 15 times," the association said. In 2024-25, India had to spend nearly Rs 1.61 lakh crore (USD 18.3 billion) in

AWL Agri Business Q2 results: Net profit declines 21% to ₹245 crore

Edible oil major AWL Agri Business Ltd on Monday reported a 21 per cent decline in consolidated net profit to Rs 244.85 crore in the September quarter. Its net profit stood at Rs 311.02 crore in the year-ago period. Total income rose to Rs 17,525.61 crore during the July-September period of this fiscal year from Rs 14,552.04 crore in the corresponding period of the preceding year, according to a regulatory filing. AWL Agri Business Ltd, which sells edible oils and other food items under Fortune as well as some other brands, said, "PAT (profit after tax) at Rs 245 crore was down 21 per cent YoY on account of a strong base quarter". During the quarter, the company recorded volume growth of 2 per cent year-on-year (YoY) to 1.68 million tonnes across three businesses -- edible oils, industry essentials. and food -- FMCG. During the second quarter of this fiscal, revenue from edible oils rose 26 per cent year-on-year, and industry essentials posted a 19 per cent increase. "Food & FMCG

Govt to launch inspections to enforce new edible oil reporting norms

The government on Wednesday said it will launch inspection drives to verify compliance with new edible oil regulations as it seeks to tighten oversight of a sector vital to the country's food security. The Food Ministry said the field checks are aimed at enforcing stricter reporting requirements under an amended order that mandates all edible oil manufacturers, processors and distributors to register with authorities and submit monthly production data. The inspections will target non-compliant units and are intended to "reinforce the seriousness of compliance and maintain the integrity of the national data ecosystem for the edible oil sector," the ministry said in a statement. Under the amended Vegetable Oil Products, Production and Availability (Regulation) Order, 2025, firms across the edible oil supply chain must register through the National Single Window System at https://www.nsws.gov.in and file monthly returns via https://www.edibleoilindia.in. Companies failing to comply fa

Govt lifts export ban on de-oiled rice bran to support cattle feed industry

The government on Friday announced the lifting of the export ban on de-oiled rice bran, used in the cattle feed industry. Edible oil industry body SEA had earlier urged the government to lift the ban on exports to protect domestic processors and enhance farmers' income. "The export policy of de-oiled rice bran is hereby amended from prohibited to free with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification. The ban was imposed last year. In a separate notification, the DGFT said exports of agricultural commodities like dairy goods, onions, potatoes, certain vegetables, rice, and wheat, to Bhutan are exempted from applicable restrictions and prohibitions, with immediate effect and until further orders. Bhutan is India's friendly neighbour. These exemptions are also on other commodities, including tea, soybean oil, groundnut oil, palm oil, animal, vegetable fats and oils, Cane or beet sugar, and salt. In another notification, the DGFT said th

CACP suggests linking oilseeds MSP to oil content to ensure better returns

CACP has proposed oil-linked MSP for mustard and safflower to incentivise high-yield varieties, reduce edible oil imports, and improve farmers' returns

Shifting 16.08 mn hectares paddy land to oil palm can lower India's imports

Edible oil demand-supply gap may widen to 40 mn tonnes by 2047, warns paper

SOPA seeks 10% increase in edible oil import duty to support farmers

The Soybean Processors' Association of India (SOPA) has urged the government to increase import duty on edible oils by at least 10 per cent to protect farmers from sluggish domestic prices that have discouraged cultivation. In a representation to Agriculture Minister Shivraj Singh Chouhan, SOPA Chairman Davish Jain said cheaper imports and depressed domestic oilseed prices have led farmers to reduce or abandon oilseed cultivation. "We earnestly request your kind intervention to revisit the customs duty structure on imported edible oils and increase the duty by at least 10 per cent at the earliest," Jain said, adding that such a measure will go a long way in restoring farmers' confidence, incentivising greater oilseed production, and reinforcing India's journey towards self-sufficiency. The appeal comes as the area under soybean cultivation has declined by over 5 per cent this year, with farmers disheartened by poor price realisation. Throughout the current marketing year, soybean .

Edible oil body SEA seeks lifting of ban on exports of de-oiled rice bran

Edible oil industry body SEA has demanded that the government lift the ban on export of De-Oiled Rice Bran (DORB) to protect domestic processors and enhance farmers income. At present, the ban is valid till September 2025. In a statement on Thursday, the Solvent Extractors' Association of India (SEA) said it has appealed to Prime Minister Narendra Modi and Home Minister Amit Shah to withdraw the ongoing ban on the export of DORB. "SEA has urged the government not to extend the ban beyond September 30, 2025," the association said. It has written a letter to the prime minister, home minister as well as Food and Consumer Affairs Minister Pralhad Joshi, Commerce Minister Piyush Goyal, Agriculture Minister Shivraj Singh Chouhan and Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh. Before the ban that was imposed in 2023, the SEA noted that India exported 5-6 lakh tonnes of DORB annually, worth about Rs 1,000 crore, mainly to Asian countries, to stabilise feed and mi

Food biz may be bigger than edible oil in 3-4 years, says Marico MD

Marico Ltd, which is expanding into the healthy food segment with Saffola brand, expects its food business to surpass the edible oil vertical, said the company's Managing Director and Chief Executive Officer Saugata Gupta. Marico, whose foods business has crossed the Rs 900 crore-mark in FY25, is expanding in the segment by introducing Saffola oats, honey, and snacks, among other products, in the fast-growing wellness space. The home-grown FMCG major, which also operates with brands like 'True Elements' and the plant-based nutrition portfolio of Plix, sees a significant opportunity for expansion of TAM (Total Addressable Market), he said. "As far as Saffola is concerned, we continue to grow the foods franchise. And the food franchise is more profitable than the edible oil. The food business does involve a significant TAM expansion," Gupta told PTI. For Saffola oats and masala oats, there is a room to improve penetration, distribution, and it needs to be ramped up further with ...

Indian vegetable oil body demands review of Nepal imports, packaging rules

IVPA also urged the government to reintroduce standard packaging sizes for edible oils, saying the current variety of pack options creates consumer confusion over pricing

Consumption will be robust from July on, says AWL MD Angshu Mallick

Our B2B business was very good, but it got impacted because of the same reason that industry expected the market to come off, says Angshu Mallick

Centre plans to make registration mandatory for vegetable oil units

The government proposes mandatory registration for all vegetable oil producers under a new amendment to the Vegetable Oil Products, Production, and Availability Order of 2011

Govt seeks public input on draft order to regulate vegetable oil industry

The Union Food Ministry has drafted a new order to regulate vegetable oil products in India by introducing more modern, transparent, and technologically advanced regulatory provisions, with a stronger emphasis on stakeholder participation and adaptability to industry changes. The 2025 draft Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order seeks to replace the 2011 order, and the ministry has sought public comments on the same by July 11. The 2025 draft order emphasises enhanced monitoring with increased surveillance of edible oil imports, production, stocks, and sales, likely using digital tools for better transparency and control. The earlier order was based on the regulatory environment and technology available at that time, focusing on traditional production, stocking, and reporting methods. The draft aims to streamline registration and compliance, possibly introducing online systems and an updated reporting format. The earlier order required periodic

Millers seek easing of export curbs as DDGS glut hits wheat bran demand

Wheat bran prices drop to almost ₹20 a kg from nearly ₹25 in May 2025

Govt asks edible oil industry to pass tax cut benefits to retail users

The government had reduced the Basic Customs Duty (BCD) on crude edible oils-specifically crude sunflower oil, soybean oil, and palm oil-from 20 per cent to 10 per cent on 31 May

Edible oil duty cuts good for importers, consumers, but farmers may suffer

The government has set a high MSP for soybean, but the near-collapse of the domestic market for oil meal, a key byproduct of soybeans, means farmers may look at alternative crops

We were firing on all cylinders in FY25: Mother Dairy MD Manish Bandlish

We have three different businesses, dairy, edible oils and fruits and vegetables, all three businesses did well last year, says Manish Bandlish

India's edible oil stocks fall to five-year low on weak palm oil imports

Port and pipeline stocks drop to 1.35 million tonnes; SEA says domestic mustard crushing is active, but CPI shows edible oil inflation hit 17.4% in April

AWL Agri Business Q4FY25 results: Net profit rises 21.4% to ₹190.3 crore

The edible oil major's profit before income, depreciation and tax (PBIDT) was up 10.6 per cent at ₹510.3 crore

India's oil intake has tripled-how much is too much for your health?

India's per capita oil intake has jumped to 23.5 kg a year-nearly twice the ICMR's limit-raising health concerns over obesity, heart disease, and diabetes