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Edible oil News

15 Jan 2023

India's edible oil imports rise 22 % year-on-year in December 2022

India imported 1.55 mln tonnes of edible oils in the month of December, a 22 per cent increase on a yearly basis. The overall import of vegetable oils during the first two months of oil marketing year 2022-23. India is the world`s second-largest consumer and number one vegetable oil importer, and it meets around 60 per cent of its need through imports.

25 Aug 2022

Govt directs edible oil firms to put correct quantity on labels; Check details

Govt advised the edible oil manufacturers, packers, and importers to declare net quantity on packages in volume. It is mandatory to declare the net quantity in terms of standard units of weight or measure. Advised to correct their labeling of declaring net quantity in the units of volume within six months.

12 Jul 2022

How will import duty cut on 2edible oil varieties help boost supply? Govt asks

According to official sources, Food Secretary Sudhanshu Pandey has written to the Solvent Extractors Association of India (SEA), Indian Vegetable Oil Producers Association (IVPA) and Soybean Processors Association of India (SOPA) in this regard.

06 Jul 2022

Big relief for consumers! Govt directs companies to cut edible oils price

Edible oil makers had cut prices by up to Rs 10-15 per litre last month. Major edible oil makers have promised to reduce the MRP by up to Rs 10 per litre by next week.

23 Jun 2022

Edible oil prices become cheaper, major brands cut MRP by Rs 10-15 per litre

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

25 May 2022

After relief on edible oil, sugar price rise prevented! Govt's big decision

In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.

25 May 2022

Good news! Edible oil prices to go down as govt takes THIS bold move

Govt has allowed the duty-free import of 20 L MT of crude soyabean, sunflower oil Edible oil prices are likely to go down after the govt's move

Kachi Ghani mustard oil

23 May 2022

Edible oil gets a massive price cut: Here’s how much it will cost now

As a result, Kachi Ghani mustard oil has decreased in price by Rs 40. The price of mustard seeds declined by Rs 100 per quintal this week compared to the previous week, to Rs 7,515-7,565 per quintal. As a result, mustard Dadri oil declined by Rs 250 per quintal to Rs 15,050.

20 May 2022

Big respite for Indians as oil price eases, other items could get affordable

With Indonesia finally restarting the palm oil exports, the prices of edible oils and other daily life products could go dow.

11 May 2022

India looking at new markets for edible oil: FM Nirmala Sitharaman

India valves out to the new markets for import of edible oils An opportunity has also arisen for industrialists in terms of tapping those markets for exports from India

30 Apr 2022

DNA: Why is there a crisis of edible oil in the world?

There is a serious crisis of edible oil all over the world. This simply means that there may be a shortage of edible oil coming to your house in the next few days.

31 Mar 2022

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

A notification from the Ministry of Food, Consumer Affairs and Public Distribution's Department of Food and Public Distribution published on Wednesday, extended the date from March 31 to December 31.

11 Mar 2022

Centre making efforts to check rise in edible oil, fuel prices

Central government is making efforts to check the rise in edible oil and fuel prices.

30 Dec 2021

Edible oil prices falling consistently: Food Secretary

Pandey said that the government reduced import duty to almost zero in case of edible oils. The move showed a very significant reduction in the (retail) prices, he added. There has been a reduction in retail edible oil prices in the range of 15 to 20 per cent.

22 Dec 2021

Govt slashes import duty on refined palm oil to 12.5% to cool retail prices

With reduction in the basic custom duty (BCD), the effective levy (including social welfare cess) on both refined palm oil and refined palmoline will come down to 13.75 per cent from 19.25 per cent, according to Solvent Extractors' Association of India (SEA).

12 Dec 2021

Edible oil prices down by up to Rs 10 in last 30 days, could fall further

Edible oil prices are expected to fall by Rs 3-4 per kg in coming months. Higher domestic output of oilseeds and bearish trend in global markets could make edible oils more affordable. India's dependence on import of edible oils is reportedly 65 per cent of the total consumption.

10 Nov 2021

Pulses sell cheaper after drop in petrol, diesel rates, check latest prices

The prices of pulses have come down after harvest from MP and Maharashtra reached the wholesale markets. Wholesale rate of tur dal, which reached Rs 95 to Rs 100 per kg, has now come down to Rs 72 to 75 per kg. This means that tur dal price has cooled down by about Rs 12-15.

Edible oil prices

24 Oct 2021

Centre asks states again to ensure reduction in edible oil prices

The DFPD is monitoring the prices of edible oils and their availability to consumers. Various steps have already been taken by the government to tame prices. States may prefer to indicative limits which may have been imposed by states earlier is enclosed for consideration.

15 Oct 2021

Good news on edible oil prices! Rates to cool down --See this chart

Reduction in Edible oil prices. Rates cooling in certain cases. Check out the full list here.

18 Aug 2021

Modi govt takes big decision to reduce dependence on imports for edible oil

Cabinet approves implementation of National Mission on Edible Oils – Oil Palm. A financial outlay of Rs.11,040 crore. Rs 8,844 crore is the share of central government, rest for state government.

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