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PALMOLIEN IMPORTS
Import duty cut on crude edible oils will protect local processors: Industry bodiesThe government has reduced the basic custom duty on crude palm, soyabean, and sunflower oils to 10%, a move lauded by SEA and IVPA. This de...- India sees 25% fall in vegetable oils import in Nov: SEAIndia's vegetable oil imports fell by 25% to 11.60 lakh tonnes in November 2023, compared to 15.45 lakh tonnes in the previous year, accord...
- Edible oil prices fall up to 29 per cent since last yearIn a written reply, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said that the government is monitoring retail pri...
- Edible oil imports rise by 39.31 per cent to 13.11 lakh tonnes in June on high demandIndia's edible oil imports increased by 39.31% YoY in June 2022 to reach 13.11 lakh tonnes due to higher demand, according to Solvent Extra...
- Budget neglected edible oil security of the country: Cooking oil industryThe cooking oil industry is disappointed as the budget did not accept the demand of the industry to launch a National Mission on Edible Oil...
- What agri commodity market is expecting from Union Budget 2023Now that the ban on seven agri-commodity futures contracts in India is more than a year, it is becoming difficult for the market participan...
- SEA wants Centre to restrict import of refined palm oils to save local refining industryIn December 2021, the government reduced import duty on RBD palmolein and RBD palm oils by 5.5 per cent to check prices of edible oils in t...
- Government slashes import duty on refined palm oil to 12.5% to cool retail pricesOn Monday late evening, the Central Board of Indirect Taxes and Customs (CBIC) issued a notification which "seeks to reduce BCD on refined ...
- Edible oil import jumps 63 pc in September to record 16.98 lakh tonnes on record palm oil shipment: SEAIndia lifted restrictions on imports of refined palm oil and lowered base import taxes on palm oil, soyoil and sunflower oil in recent mont...
- India's palm oil imports fall 14% in Aug: SEAThe fall in imports of RBD Palmolein is helping the domestic industry to utilise the higher capacity, it said in a statement.
- Edible oil industry body SEA urges government to allow import of only crude palm oilSEA, in a statement, said the association in the meeting discussed in detail about the scope of the industry and suggested a few actionable...
- Edible oil imports in June at eight-month high of 11.62 lakh tonnesThis is the lowest import of RBD Palmolein since India allowed its import in 1994
- As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEAThe Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to...
- Don't allow zero-duty palm oil imports from Nepal: Trade bodyThe Solvent Extractors Association of India (SEA) has made a representation in this regard to Commerce Minister Piyush Goyal. According to ...
- Reducing palm oil duty a death knell for India's refining industry: Solvent Extractors' Association of IndiaThe Centre, in a notification last night, reduced the duty difference between CPO and palmolien from 10% to 5% on palmolien to be imported ...
- Tamil Nadu to sell imported tur dal at half the market priceOn directions of Chief Minister Jayalalithaa, the state had asked the Centre to allot 500 tonnes of tur dal after it transpired that the Ce...
- Vegetable oils import rises 27% in April: SEAAs on May 1, edible oils stock at various ports is estimated at 4.65 lakh tonne, of which CPO was 2.3 lakh tonne.
- BJP drags PM into CVC row, says govt claim 'patent lie'Leader of Opposition Sushma Swaraj, who was a member of the Committee headed by the Prime Minister and had opposed Thomas' selection in wri...
- India, Malaysia to discuss economic cooperation pactPrime Minister Manmohan Singh will take forward the negotations on the for wrapping up a comprehensive economic cooperation agreement (CECA...
- PEC floats bids for importing 12,000 tonnes of edible oilState-owned trading company PEC Ltd has invited bids for import of 12,000 tonnes of RBD Palmolien (edible grade) to be delivered by June.
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