Page 6 - Edible Oil Market

Russia-Ukraine conflict heats up cooking oil prices in global squeeze

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels.

Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export

This could also be beneficial to the Indian local refining industry as any move to curb import of refined oils boosts domestic oilseeds crushing and refining

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

Global edible oil markets simmer over shocking Indonesian ban on palm oil

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

SEA asks edible oil makers to refrain from raising prices

Mumbai-based SEA also requested members to ensure the supply chain is maintained smoothly and consumers are not put to any difficulty

Govt extends stock limits on edible oils, oilseeds till December

Ministry of Consumer Affairs had imposed stock limits till March 2022, and left the decision to states to decide whether the stock limits should be based on the availability and consumption pattern

Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply

Palm oil's record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from spiralling fuel and food costs, and force them to curtail consumption and shift

Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA

Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 per cent to provide relief to consumers, industry body SEA said on Monday. The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and Nutrella brands), Emami (Healthy & Tasty brands), Bunge (Dalda, Gagan, Chambal brands) and Gemini (Freedom sunflower oil brands), it said. COFCO (Nutrilive brands), Frigorifico Allana (Sunny brands), Gokul Agro (Vitalife, Mahek and Zaika brands) and others have also reduced prices, it added. "We are happy to share that our leading members have responded proactively and reducedP on edible oils marketed by them, across the board by 10-15 per cent to provide relief to consumers during the festival season," Solvent Extractors Association of India (SEA) said in a statement. With a view to providing succour to consumers, Union Food Secretary Sudhanshu Pandey had ...

Entry of competitors will open up branded oil market: Adani Wilmar CEO-MD

In a Q&A, Angshu Mallick shares the company's road map towards becoming a nationwide branded food staples consumer major

Retail edible oil prices drop by Rs 5-20/kg in major markets: Food Secy

Edible oil prices in the major retail markets across the country have declined, the official said

Major edible oil players cut wholesale prices by Rs 4-7 a litre

India meets more than 60 per cent of its edible oils demand through imports. Any rise in global prices has a direct impact on local prices

Edible oil may get cheaper temporarily as Centre imposes stock holding caps

As India imports around 60% of its annual edible oil requirement, any bullishness in global markets will have an impact on domestic prices

Hit by Covid-19, India's edible oil imports seen at lowest in six years

MUMBAI (Reuters) -India's imports of edible oil could fall to their lowest in six years, contracting for a second straight year because of the coronavirus outbreak and demand squeezed by record prices, a senior industry official said on Wednesday.

Rats, drought and labour shortages eat into global edible oil recovery

Malaysia, the world's second-largest producer of palm oil, is facing a perfect storm of production headwinds that will likely drag global stocks to their lowest level in five years.

PM Modi announces mission to make India self-sufficient in edible oils

Modi stressed on reducing the dependence on imports

Average retail prices of edible oils rise up to 52% in July: Govt

Average prices of edible oils in retail markets have increased by up to 52 per cent in July compared to the year-ago period, according to official data.

Govt's edible oil duty cut to have little impact on prices, say traders

This is because corresponding prices in the international markets have moved up, nullifying the impact of duty cut.

Govt says edible oil prices softening; nearly 20% decline in some cases

The price of soya oil was Rs 162 per kg on May 20 and now, it has come down to Rs 138 per kg in Mumbai.

Edible oil industry cautions against import duty cut to cool down prices

Says move ahead of planting season could have negative impact on growers

Import dependence

India must attain self-sufficiency in edible oils