Page 4 - Edible Oils
India cuts import tax on crude palm oil to 27.5% as food prices rise
India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
 "India cuts import tax on crude palm oil to 27.5% as food prices rise")
SEA urges govt to immediately announce NMEO to reduce edible oil import
The Solvent Extractors' Association of India (SEA) has urged the government to immediately announce the National Mission on Edible Oils (NMEO) to make the country 'Aatmanirbhar'
 "SEA urges govt to immediately announce NMEO to reduce edible oil import")
Low duties, inadequate incentives keep the target slippery for edible oils
India's oil marketing year runs from November to October and during 2018-19 vegetable oil imports were up 3.5 per cent to 15.55 million tonnes
 "Low duties, inadequate incentives keep the target slippery for edible oils")
After onion tears, now brace for edible oils burning a hole in your pocket
The bio-fuel programmes in Malaysia and Indonesia are supporting the soaring prices
Edible oils deficiency
Farmers need stable policy environment for investment
Edible oil import to rise in coming year
India's dependence on imported edible oil is likely to increase to record level during the coming oil year of 2017-18 (November-October). A decline in availability from domestic sources is expected, following lower oilseed availability and sustained increase in consumption.Data compiled by the apex industry body, the Solvent Extractors' Association, shows vegetable oil (98 per cent edible and two per cent non-edible) import at 14.27 million tonnes for the 11-month period ended September 2017, compared with 13.57 mt in the corresponding period last year. Another 1.2-1.3 mt of import in October would take the year's import to 15.5 mt, a record.As for oil year 2017-18, less of sowing and crop damage due to flooding in major growing regions has reduced the soybean crop size. From last year's 12 mt, soybean output is forecast at below nine mt."With four per cent increase in per capita consumption to add around 0.8 mt of demand every year, and the lower acreage, dependence on imported ...
 "Edible oil import to rise in coming year")
Farmers protest to press Centre for higher import tax on edible oils
This comes on the back of slump in oilseed prices to below government support levels
 "Farmers protest to press Centre for higher import tax on edible oils")
