Cooking Oil

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity. Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday, according to information available from stock exchange filings. The transaction saw massive demand from a diverse set of marquee international a

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

"With hefty prices of UCO partly supported by strong U.S. and European demand, and free-falling product prices, companies are having a tough time surviving," said Gary Shan

Oil-marketing companies may expand from 200 locations to source used cooking oil

Total revenue from operations increased 6.7 per cent to Rs 2,643 crore, marking its biggest growth in more than two years

Upon heating a non-stick utensil above 500 degrees Fahrenheit, the chemicals in nonstick coating may break down, releasing toxic fumes that contribute to "Teflon flu"

West Bengal Chief Minister and TMC supremo Mamata Banerjee on Thursday claimed that if the BJP returns to power at the Centre, the government would hike the price of cooking gas cylinder to Rs 2,000. The chief minister was addressing a gathering at a government programme here in Jhargram district. "If the BJP wins the elections, they may hike the price of a cooking gas cylinder to Rs 1,500 or Rs 2,000. Then again, we will have to go back to the old practice of collecting wood to light a fire," Banerjee said. She also gave an ultimatum to the BJP-led central government to complete building houses under the Awas Yojana by April-end, claiming that otherwise her government would start constructing them from May. On Tuesday, Banerjee had set a deadline of April 1 for the central government to complete building houses for the beneficiaries or else her government would build around 11 lakh houses for them. Referring to her government paying MGNREGA workers their due wages which were ...

Edible oil major Adani Wilmar Ltd on Saturday said it has lodged a police complaint against a B2B platform for allegedly distributing counterfeit products in the name of its 'Fortune' brand. As part of a routine market survey, Adani Wilmar representatives discovered the malpractice. In a statement, the company said it has lodged an FIR through their agency, against the B2B platform for alleged distribution of counterfeit products on the platform. The FIR has been lodged at Badalpur police station in Gautam Budhnagar District, Uttar Pradesh. Adani Wilmar said the law enforcement authorities conducted a raid at the warehouse of B2B (business to business) platform "wherein alarming quantities of counterfeit products bearing the 'Fortune' brand name, the flagship brand of Adani Wilmar were seized." The seized products included 126 pet bottles of Fortune Kacchi Ghani Mustard Oil (1 litre pack) without the lid, 37 fake Fortune Refined Soybean Oil (1 litre pouches), and 16 pet bottles of

The Centre on Thursday asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers. A major importer of edible oils, India imported cooking oils worth Rs 1.57 lakh crore during 2021-22 marketing year (November-October). It buys palm oil from Malaysia and Indonesia while soyabean oil is being imported from Argentina and Brazil. "The decline in the price of edible oils should be passed on to consumers expeditiously," Food Secretary Sanjeev Chopra said during a meeting with leading industry representatives here. Representatives from Solvent Extraction Association of India (SEA) and Indian Vegetable Oil Producers' Association (IVPA) were present at the meeting to discuss further reduction in the retail prices of cooking oils amidst a fall in the global prices, an official statement said. Mother Dairy, which sells cooking oils under Dhara brand, on Thursday said it has reduced the maximum retail prices by Rs 15-20 per

Mother Dairy has cut maximum retail prices (MRP) of its edible oils, sold under Dhara brand, by Rs 15-20 per litre with immediate effect in line with the reduction in global prices. The stock with revised MRP is expected to hit the market next week. The reduction comes following the food ministry's direction to edible oil industry body SEA regarding the need for downward revision of the MRP of cooking oils. "The MRP of Dhara edible oils are being reduced by Rs 15-20 per litre across variants with immediate effect. This reduction is largely being done in variants such as soyabean oil, ricebran oil, sunflower oil and groundnut oil, on account of reduced impact of international markets and ease in availability of domestic crop," Mother Dairy spokesperson said. The MRP of Dhara refined soyabean oil (1 litre poly pack) has been reduced to Rs 150 from Rs 170, while the MRP of Dhara refined rice bran oil will now be Rs 170 per litre as against Rs 190 per litre earlier. The company has .

CHENNAI (Reuters) - Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods.

Higher rapeseed production could help India, the world's biggest importer of vegetable oils, cut expensive overseas purchases of cooking oils that cost the country a record $18.9 billion in the fiscal

Argentina stays top exporter to India since war broke out

Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.

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

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

Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.

The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels.

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved