Page 3 - Edible Oils

Centre imposes stock limits on edible oils to soften prices in market

Edible oil prices in domestic retail markets have shot up sharply by up to 46.15 per cent in last one year due to global factors and local tight supply situation, as per government data

Adani Wilmar rolls out 'Fortune Mart' stores in 6 states

Adani Wilmar, which markets edible oils and other food products under the Fortune brand, on Monday said it has opened 12 physical stores on franchisee model across six states and plans to start outlets across the country. "Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products," the company said in a statement. The physical stores are being opened on a franchise model. Adani Wilmar has so far opened 12 Fortune Mart stores in Jaipur, Jodhpur, Lalitpur, Gandhinagar, Surat, Gandhidham, Jabalpur, Vidisha, Gwalior, Kharghar, Akola, and Haldia. These cover the states of Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra and West Bengal. The company further aims to launch Fortune Mart stores in north and eastern parts of India in the coming quarter. "Fortune has become a household name and the most popular and preferred food brand in the country. The rollout of Fortune Mart stores aims to .

Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm

The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years

Traders see little impact of edible oil duty cut as global mkts offset move

India is heavily dependent on imports for meeting its domestic edible oil requirements.

The farm factor

Agri sector did quite well in a pandemic year

Import dependence

India must attain self-sufficiency in edible oils

Govt expects edible oil prices to cool off with release of imported stock

The Centre on Monday expressed hope that retail prices of edible oils would soften following the release of imported stock that was stuck at ports due to clearance issues.

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.

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'

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

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 ...

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