Palm oil

MUMBAI: India's palm oil imports jumped 18.7% in March from the previous month, as traders moved to secure alternatives to sunflower oil that can no longer be bought from Ukraine, a leading trade body said on Wednesday. The higher…

<!-- -->Despite rise in oilseeds production in last four years, India is dependent on importsThough India's oilseeds production has gone up by 19 per cent between 2018-19 and 2021-22, it is still dependent on the commodity's import to…

In an effort to tame food inflation, the government has reduced import duty on lentils to nil for Australia and Canada origins and cut it to 22%, from 30%, for those originating in the US. It has also reduced cess on crude palm oil to 5%…

Image Source : PTI Effective import duty on crude palm oil cut to 5.5% to cool edible oil prices The government on Saturday…

The soaring cost of vegetable oils is an ever-growing threat to India’s efforts to bring inflation under control. Prices of palm oil, the most-consumed edible oil in the world, have jumped 15% this year to a record, while rival soybean oil…

MUMBAI: India's refined palm oil imports are set to jump in the first quarter of 2022 after New Delhi slashed import taxes on it, making the refined product cheaper for Indian buyers than raw material crude palm oil (CPO). Higher imports…

In June, India had allowed imports of refined palm oil for six months. (File Photo)The Indian Ministry of Commerce and Industry issued a notification on Monday saying imports of refined palm oil would be allowed until Dec. 31, 2022.Reuters…

Image Source : PTI Relief for commoners? Govt cuts basic customs duty, agri cess on edible oil…

India has cut base import taxes on palm oil, soy oil and sunflower oil, according to a government notification, as the world's biggest vegetable oil buyer tries to cool near-record price rises.The reduction in taxes could bring down prices…

A plan cleared by the Union Cabinet to expand domestic palm-oil output in ecologically-sensitive regions could be environmentally perilous unless backed by a set of strong safeguards, experts have said, citing disastrous impacts in growers…