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Wilmar International chief says India must target 60% self-sufficiency in edible oilsIndia needs to produce more edible oils domestically. Kuok Khoon Hong, chairman of Wilmar International, suggests aiming for 50-60% self-su...
India soymeal exports to fall to four-year low on rising pricesIndia's soymeal exports are projected to drop by half to a four-year low in the current year, driven by a 47% price surge over the past mon...
India can't afford rising import dependence on edible oil: Industry body SEA on PM appealThe Solvent Extractors’ Association of India (SEA) backed Prime Minister Narendra Modi’s appeal to reduce edible oil consumption, saying lo...
After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
Costlier palm, soy oils push Indian consumers towards mustard oilIndia sees a shift towards mustard oil. Rising global prices of palm and soybean oils, influenced by the West Asia conflict and biofuel dem...
India palm oil imports fall to one-year low in April on weak demandIndia's palm oil imports plummeted 27% in April to a one-year low, driven by sluggish institutional demand and a reduced price advantage ov...
Russia overtakes Ukraine as India's top sunflower oil supplierRussia has become India's largest sunflower oil supplier, with imports surging twelvefold in four years, displacing Ukraine. This shift is ...
Edible oil prices likely to drop 9% by mid-DecemberEdible oil prices in India are expected to decrease by up to 9% from mid-December due to a drop in international prices of soybean, sunflow...
Climate disruptions, biofuel policy again turn the heat on edible oilGoing by some recent developments around the world, edible oil trade agreements should have a provision for climate-related disruptions als...
Cheap sunflower oil from Russia, Ukraine rattles palm oil marketThe influx of cheap sunflower oil from Russia and Ukraine is causing palm oil prices to decrease. The two top producers are taking advantag...
Palm falls on prospects of resumption in Ukraine sunflower oil shipmentsPlunging demand for soyoil in China is expected to cut consumption of the oilseed in the world's biggest user as lockdowns to prevent the s...
Consumers expected to get relief from high cooking oil prices as Indonesia lifts export ban on palm oilIndonesia has asked its cooking oil industry to reserve 10 million tonnes of palm oil for domestic consumption. Traders said the availabili...
Cooking oil prices to fall with Indonesia set to lift export banThe lifting of the export ban will help increase availability of edible oil. Indonesia produces 46 million tonnes of palm oil a year. It co...
Ukraine sunflower scarcity: a boon for olive oil, but hard to swallow for someEven after Spanish supermarkets limited the purchase of sunflower oil to a few bottles per person, shelves ran dry, prompting retailers to ...
Ukraine crisis threatens sun oil supply, fuels veg oils rallyVegetable oil buyers were banking on sunflower oil, the fourth most produced oil after rapeseed oil, to plug the supply gap.
India cuts import taxes on vegetable oils to calm pricesAfter the cuts, crude palm oil, soyoil and sunflower oil imports will be subject to a 24.75% tax in total, including a 2.5% base import dut...
Ukraine crisis may hit sunflower oil imports: Ruchi SoyaThe Ukrainian crisis, if prolonged, may hit sunflower oil imports to India, said a senior executive of Ruchi Soya Industries Limited.