Page 3 - Edible Oils

Edible oil prices will soften by Rs 15/litre in a few weeks: Industry

Decision arrived at today during a meeting between industry players & officials

Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years

Plans to enter ten states from four currently, expand capacity 10-fold to 1,000 tonnes a day and make additions to product portfolio

Top importer India may cut taxes on edible oils to cool prices: Report

India, the world's top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports

Agri trade beyond the Ukraine war

India's chances of becoming a stable supplier of wheat are limited in the absence of a long-term policy on foodgrain exports

Ukraine war: Stock limit on edible oils, oilseeds extended up to Dec 31

In view of the ongoing Ukraine-Russia war resulting in supply restrictions, the Centre has extended the stock limits imposed on edible oils and oilseeds until December 31

No proposal at present to supply edible oils at subsidised rates: Govt

Last year, the all-lndia average domestic retail prices of groundnut oil stood at Rs 176.28 per kg as against Rs 147 per kg in 2020

States told to Implement stock limit order on oilseeds, oil to check prices

Exporters and importers have been kept outside the purview of this order with some caveats

Soaring edible oil prices deal blow to India's inflation fight

Prices of palm oil, the most-consumed edible oil in the world, have jumped 15% this year to a record

Centre further tightens stocks limits on edible oils and oilseeds

Extends curbs till June 30, specifies quantity each trader can hold in states where the quantum hasn't been laid out

Centre cuts duty on refined oils, extends import tenure of pulses

For tur and urad, the cargo should arrive in India before June 30, 2022

Retail-wholesale gap in prices of vegetables, edible oils widens in Delhi

Price difference stays largely flat for pulses during this period; govt starts cracking down on hoarders and black-marketeers

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

Wholesale prices of edible oils to be reduced by Rs 5 per kg: SEA

The average retail price of soya oil saw a marginal reduction to Rs 153 per kg from Rs 155.65 per kg in the said period

Centre imposes stock limits on edible oils to soften prices in market

Edible oil prices in domestic retail markets have shot up sharply by up to 46.15 per cent in last one year due to global factors and local tight supply situation, as per government data

Adani Wilmar rolls out 'Fortune Mart' stores in 6 states

Adani Wilmar, which markets edible oils and other food products under the Fortune brand, on Monday said it has opened 12 physical stores on franchisee model across six states and plans to start outlets across the country. "Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products," the company said in a statement. The physical stores are being opened on a franchise model. Adani Wilmar has so far opened 12 Fortune Mart stores in Jaipur, Jodhpur, Lalitpur, Gandhinagar, Surat, Gandhidham, Jabalpur, Vidisha, Gwalior, Kharghar, Akola, and Haldia. These cover the states of Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra and West Bengal. The company further aims to launch Fortune Mart stores in north and eastern parts of India in the coming quarter. "Fortune has become a household name and the most popular and preferred food brand in the country. The rollout of Fortune Mart stores aims to .

Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm

The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years

Traders see little impact of edible oil duty cut as global mkts offset move

India is heavily dependent on imports for meeting its domestic edible oil requirements.

The farm factor

Agri sector did quite well in a pandemic year

Import dependence

India must attain self-sufficiency in edible oils

Govt expects edible oil prices to cool off with release of imported stock

The Centre on Monday expressed hope that retail prices of edible oils would soften following the release of imported stock that was stuck at ports due to clearance issues.