Refined Soya Oil

Delhi HC seeks response on FSSAI action against Fortune Soya refined oil

The Delhi High Court has sought response of Centre and FSSAI on a plea challenging show cause notice prohibiting manufacture and sale of 'Fortune Soya Health Refined Soyabean Oil' for alleged misleading label declarations and claims. Petitioner AWL Agri Business Limited received Food Safety and Standards Authority of India (FSSAI) notices over claims of being "100% Veg" and "Cholesterol Free For Healthy Lifestyle", for its product, 'Fortune Soya Health Refined Soyabean Oil'. The respondent authorities opposed the maintainability of the petition on the ground of territorial jurisdiction and submitted that no part of the cause of action arose within the territorial jurisdiction of the Delhi High Court as the company was based in Gujarat and the product was manufactured and marketed from outside Delhi. However, Justice Swarana Kanta Sharma held that the petition cannot be held to be lacking in territorial jurisdiction and the foundational actions which are directly impugned by the ...

India resumes palm oil imports as prices fall below soyoil after 5 months

Higher purchases by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil futures, which have fallen nearly 10 per cent so far in 2025

India's soybean production reaches 1.26 million tonnes: Trade body

Soybean production in the country has increased by about 6 per cent to nearly 126 lakh tonnes in the current kharif season due to favourable weather conditions, an organisation of the crop processors said on Tuesday. Its acreage remained almost the same as last season, the trade body said. During the last kharif season, the average productivity of soybean per hectare in the country was 1,002 kg, while this time it has increased to 1,063 kg, Soybean Processors Association of India (SOPA) Executive Director D N Pathak told PTI. "This time the distribution of monsoon rains in the major soybean producing areas of the country was good, which boosted the crop yield. The adoption of advanced methods of farming by cultivators and increased the crop yield," he said. After the sowing of soybean during the kharif season of 2023, there was a severe lack of moisture in the fields due to lack of rain for three weeks in the major soybean producing areas in August, as a result the crop productivit

Reducing duty on refined oil imports won't cool prices: Edible oil firms

The companies said it takes about 50 days for the oils to be imported to India, during which they lose their quality and original taste

Govt cuts import duty on refined soybean and sunflower oils to 12.5%

Move in contrast with mood in the market

Edible oil prices ease; major brands cut MRP by Rs 10-15/litre: Govt

As per govt data, average retail prices of packaged edible oils have ease slightly, except for groundnut oil, across country since beginning of this month and are ruling between Rs 150 and 190 per kg.

As Indonesia curbs exports, Indian palm oil imports could fall to 11-yr low

Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices and may lift soyoil imports to record highs and support U.S. soyoil futures price

Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil

Move might impact farmers' realisation when kharif harvest is on, say industry players

India May palm oil imports nearly doubles, soyoil jumps - trade body

India's sunflower oil imports rose 31% to 175,759 tonnes in May, it added.

July palm oil imports rise to a 10-month high at 824,078 tonnes: Trade body

The country's soyoil imports in July surged 52 per cent from a year ago to 484,525 tonnes

Commodity picks: 11 May, 2020

Barley is trading at Rs 1,595 per quintal in Jaipur market

Commodity picks: 6 April, 2020

Though domestic demand is need based, supply scenario is extremely tight due to logistic bottlenecks amid slowdown in transport

Refined soya oil up 1.5% on spot demand

Oil for delivery in August contracts traded higher by Rs 7.75, or 1.22%

Refined soya oil down 0.3% on ample stocks

Oil for delivery in July shed 65 paise, or 0.10%

Refined soya oil down 0.2% on weak spot demand

Oil for delivery in August weakened by 45 paise or 0.07%

Refined soya oil up 0.4% on upsurge in demand

Oil for delivery in June contracts traded higher by Rs 2.20 or 0.34%

Refined soya oil down 0.5%, hurt by low demand

Oil for delivery in far-month May eased by Rs 2.90, or 0.44%