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Edible oils News

25 Apr 2022

Edible oil industry suggests govt initiate dialogue with Indonesia over oil

Indonesia had announced to ban exports till further notice apparently to contain edible oil prices in their domestic market. Indonesia was levying USD 575 per tonne export duty. Oil and fats contributed to around 60 per cent of food and beverages inflation in the country.

05 Nov 2021

Edible oil prices declined by up to Rs 20, says food department

Edible oil prices have declined quite significantly. The decline in oil prices ranges from Rs 20/- to Rs 18/-, Rs 10/-, Rs 7/- at many places. Pandey also refuted any speculation of the extension of the Pradhan Mantri Garib Kalyan Yojana.

05 Oct 2016

Govt closely monitoring prices of sugar, other food items

The government is keeping a close watch on prices of sugar, pulses and edible oils to check hoarding and ensure adequate availability in the market in the festival season, Food Minister Ram Vilas Paswan said Wednesday.

24 Aug 2016

Ram Vilas Paswan favours ban on sugar futures

With retail sugar prices crossing Rs 40/kg, Food Minister Ram Vilas Paswan on Wednesday favoured ban on sugar futures trade in the interest of consumers.

22 Sep 2015

Cabinet extends time limit of control order for pulses, oilseeds

The Union Cabinet on Tuesday extended the time limit of the "control order" for pulses, edible oils and oilseeds by another year till September 30, 2016, to enable the state governments to take appropriate measures for their availability.

26 Dec 2014

Solvent extractors demand higher import duty on edible oils

The Solvent Extractors' Association of India (SEAI) Friday welcomed the government's decision to hike the import duty on edible oil by five percent, and urged the government to provide more relief to the sector.

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