Page 2 - Edible Oil

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

India's edible oil imports hit 4-year low due to depleting inventories

Lower-than-normal imports for the second straight month have depleted stocks in the world's biggest buyer of vegetable oils

India annual palm oil imports likely to fall behind soft oils for 1st time

Palm oil accounted for 56 per cent of India's total edible oil imports in the last marketing year, but in the first three months of the current year its share fell to 43 per cent

Budget 2025: SEA urges govt to regulate import of refined edible oils

Industry body SEA on Tuesday urged the government to regulate import of refined edible oils, restrict duty-free inbound shipments of finished products like soaps and noodles, and impose 5 per cent GST on de-oiled rice bran. In its pre-budget memorandum submitted to Finance Minister Nirmala Sitharaman, Solvent Extractors Association of India (SEA) emphasised the need to launch the 'National Mission on Edible Oils' (NMEO) with increased financial support to boost oilseeds production and reduce import dependency. The NMEO needs to be implemented with a minimum outlay of Rs 25,000 crore for the next five years against the present Rs 10,000 crore to reduce the country's dependence on imported oils to 25-30 per cent by 2029-30 from the current level of 65 per cent, it said. "We need to invest heavily on MSP support, farmer education, seeds, agri practices and machinery, soil weather forecasting and storage, along with modernisation of processing industry," SEA added. Expressing concern o

Agriculture ministry launches first-ever edible oil consumption survey

The Union agriculture ministry has launched its first-ever survey to assess edible oil consumption patterns in India, aiming to effectively implement the new Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), a senior government official said. The 45-day questionnaire-based survey, which began on January 9, will continue until February 23. The initiative comes as India -- the world's largest consumer and importer of edible oils -- lacks recent data on consumption patterns. "The survey aims to capture the consumption pattern and choice of edible oils, which will help in policy decisions," the official told PTI. Industry reports indicate that per capita annual consumption of edible oil has risen to over 20 kg in India, significantly exceeding the recommended limits of 12 kg by the Indian Council of Medical Research (ICMR) and 13 kg by the World Health Organisation (WHO). This marks a substantial increase from 2.9 kg in 1950-60, driven by factors such as rising incomes, urbanisation, an

India has potential to be sustainable aviation fuel producer: IATA official

India has the potential to be a key producer of sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of Sustainable Aviation Fuel (SAF) and traditional Aviation Turbine Fuel (ATF). Hemant Mistry, Director of Net Zero Transition at the International Air Transport Association (IATA), said the ecosystem for SAF has developed but there is more work to be done. "There are some very good opportunities for India right now. One is in terms of SAF feedstocks like agricultural waste... there is a growing understanding on what to do for SAF production. We are talking to a number of companies to understand how we can collaborate... oil companies," Mistry told PTI in a recent interview in Geneva. The .

Pocket pinch: FMCG companies passing 3-7% of price rise to consumers

Edible oil companies pass on the entire hike to consumers

Edible oil import up 39% in Nov on higher shipment of crude oils: SEA

India's edible oil import rose 38.5 per cent to 15.9 lakh tonne in November mainly due to sharp jump in shipments of crude sunflower oil and crude soyabean oil, according to industry data. On Thursday, Solvent Extractors' Association of India (SEA) released the data of import of vegetable oil (edible and non-edible ) for November. As per the data, import of vegetable oils during November, the first month of the 2024-25 oil marketing year, rose 40 per cent to 16,27,642 tonne compared to 11,60,590 tonne a year ago. Out of total vegetable oil import, India imported 15,90,301 tonne of edible oil in November as against 11,48,092 tonne in the same month last year. Import of non-edible oils increased to 37,341 tonne compared to 12,498 tonne in November 2023. Oil marketing year runs from November to October. In edible oil category, the import of RBD palmolein during November 2024 increased to 2,84,537 tonne compared to 1,71,069 tonne in the year-ago period. Import of crude sunflower oil

Festivals lift India's edible oil imports to four-month high in Nov

Palm oil imports edged 0.5 per cent higher in November from the previous month to 850,000 metric tons, according to estimates from dealers

Edible oil body SEA urges govt to lift ban on commodity futures trading

Edible oil industry SEA on Monday called on the government to lift a ban on futures trading in key agricultural commodities, including crude palm oil and soyabean, citing significant financial impact on its members. The ban, first implemented in December 2021 on seven agricultural commodities, has been extended multiple times with the current extension running through December 20, 2024. The Solvent Extractors Association of India (SEA) has appealed to five ministers, including Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, arguing that the absence of futures trading has hindered price risk management and market development. "The industry was hopeful that the suspension would be lifted to enable smoother operations, but the continuation of this restriction has further weakened an essential risk mitigation tool," SEA President Sanjeev Asthana said in a representation made to the ministers. SEA emphasised that studies have shown futures trading does not significantly

India's edible oil imports dip 3% to 15.96 mn tonnes in 2023-24: SEA

India's edible oil imports declined by 3.09 per cent to 159.6 lakh tonnes during the 2023-24 oil marketing year due to higher domestic oilseeds production and reduced demand amid rising prices, according to industry body SEA. The country, which is the world's largest importer of edible oils, had imported 164.7 lakh tonnes in the previous oil year (November-October). In value terms, the imports marginally decreased to Rs 1,31,967 crore in 2023-24, from Rs 1,38,424 crore in the previous year, the Solvent Extractors Association of India (SEA) said in a statement. "International prices firmed up due to various reasons which reflected in rise in domestic prices and also reduction in import to some extent," SEA said. As per the data, crude palm oil imports fell to 69.70 lakh tonnes in 2023-24 from 75.88 lakh tonnes in the previous year, while RBD palmolein shipments declined to 19.31 lakh tonnes from 21.07 lakh tonnes. Among soft oils, soyabean oil imports decreased marginally to 34.41

Demand to take hit in Q3 due to rise in price of edible oils: Adani Wilmar

After announcing its July-Sept quarter results, Angshu Mallick, MD and CEO, and Shrikant Kanhere, CFO, spoke to Sharleen D'Souza in an exclusive interview

Govt seeks explanation from edible oil companies on rising prices

The government on Friday sought an explanation from edible oil firms for the rise in retail prices of cooking oils despite advising them to ensure price stability amid the availability of adequate stocks imported at lower duties. On September 14, the Centre hiked the basic customs duty on various edible oils to support domestic oilseed prices, and subsequently on September 17 the food ministry convened a meeting with edible oil industry bodies to make sure that there was no rise in retail prices. "The industry has been asked to clarify and furnish reasons as to why the prices are showing upward trend since the announcement of import duty hike, despite the government's directions to maintain retail prices in the coming festival season," a senior food ministry official said on Friday. The ministry's assertion is that stocks imported at lower duties would easily last 45-50 days and therefore the processors should refrain from increasing maximum retail prices. Also, the price increase .

Govt raises import tax on crude, refined edible oils to support farmers

The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil