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SOYABEAN OIL BUSINESS
Cooking oil prices surge 13% in a month, no post-Diwali reprieveCooking oil prices in India rose significantly. Palm and sunflower oil prices increased. International prices surged due to production issu...- US hopes India to address small trade barriers in soyabean exports"We believe India has its own space in soyabean and we cannot upset the local production. However, we can demonstrate high-quality soyabean...
- Zero duty import quota of cooking oil will lead to shortages in festival season, says industry bodyThe central government had notified Tariff Rate Quota (TRQ) on May 24. Under TRQ, import of allocated quota takes place at specified duty o...
- Cotton industry is trying to poach farmers to increase acreage as farmers may opt for edible oils due to record pricesCotton prices have increased to more than Rs 7000 per quintal as against the minimum support price (MSP) of Rs 5825/quintal for long staple...
- Agri-commodities: Soyabean, chana fall on tepid demandSoyabean for delivery in the current month also fell by Rs 24, or 0.64 per cent, to Rs 3,748 per quintal.
- Agri-commodity wrap-up: Soyabean, chana futures fall on tepid demandMarket players attributed the steep fall in soyabean futures prices to a weakening trend overseas.
- Eyeing improved capacity utilization benefits: Ruchi SoyaThe increase in export incentives for agriculture and related products along with the 2% additional incentive under MEIS scheme for soyamea...
- Rising input costs put pressure on margins of soya crushersIndia produces around 6.2 million tonnes of soya oil meal, of which 5 million tonnes is consumed domestically as both food and fodder while...
- Cargill wants to expand business in Maharashtra: David MacLennanCargill India plans a big expansion of its soyabean oil business and maize business in Maharashtra.
- Ruchi Soya's Q2 profit shoots up to Rs 65.66 croreEdible oil producer Ruchi Soya today reported about 17-fold jump in its standalone net profit to Rs 65.66 crore for the second quarter.
- Commodity exchanges' turnover up 7% in April-JulyTotal turnover of commodity exchanges rose by 7 per cent to Rs 56.64 lakh crore in April- July this year buoyed by trade in energy and farm...
- Weak rupee, delayed rains to make oils, pulses costlierEdible oil players like Cargill India, Adani Wilmar and Emami Group are keeping a close watch on price movement and may revise prices in Ju...
- Edible oil to cost more as palm oil hits 9 month highBranded cooking oil prices will rise the fourth time in five months after palm oil prices hit a nine-month high.
- Palm oil prices to jump on higher China importPalm oil prices have hit an 8 month high due to higher imports by China, forcing Indian cos to raise retail prices for the 3rd time in 4 mo...
- US farm giant ADM buys soyabean plant in IndiaThis buyout would mark the foray of the world's largest ethanol and biodiesel producer into India as an individual company.
- Raj Oil Mills IPO to open on July 20, price band Rs 100 -120Raj Oil Mills is going public with an initial public offering of 95,00,000 equity shares of Rs 10 each with a price band of Rs 100 to Rs 12...
- Comexes turnover jumps 42 per centThe turnover of commodity exchanges in the country jumped by 42 per cent to Rs 18,81,364 crore till the first fortnight of August this fisc...
- Argentine dry weather may cloud grains, edible oil marketsAs bulls from New York to Navi Mumbai track rain clouds over Buenos Aires and Santa Fe, ET helps join the dots between the South American p...
- Edible oil cos’ LatAm venture gets a leg-upIndian edible oil industry’s recent endeavour to buy land for raising oilseed cultivation in Paraguay, Uruguay and Argentina and setting up...
- Edible, non-edible oils rule flat in thin tradeArrivals and offtake too remained at a low ebb and volume of business poor.
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