Palm oil set for better fortunes after pandemic wrecked bull run
Here’s what industry participants are watching.
Strictly enforce ban on sale of loose cooking oil: Centre to states
The ministry has written to the states saying there were many complaints ...
Soya, sunflower oil sale up as people shun eateries, eat home food
The long shutdown will reduce cooking oil imports by 12% this fiscal, indu...
Cooking oil availability improves in the country in the midst of lockdown
Rajasthan alone contributes 50% of the country’s total mustard output.
May edible oil imports likely to hit lowest level in 10 years
Generally, over the years, import of edible oils hovers around 12 lakh tonnes in May. But this year it has dropped almost 38%.
Industry seeks easier refined palm oil imports to cut prices during lockdown
During the lockdown, prices of edible oil have risen by 10%.
Cooking oil may become 10% cheaper
Current wholesale prices of branded soyabean and palm oil are Rs 78 a litre.
Edible oil imports down 34% in April
India, the world's leading vegetable oil buyer, had imported 11,98,763 tonne of edible oils during April 2019.
Sugar, pulses, edible oil players expect sales revival in June after slump in May
Sales of pulses had slumped to 300,000 tonnes in May against the normal monthly average of two million tonnes.
India's May palm oil imports halve as lockdown dents demand: Trade body
India is the world's biggest importer of edible oils.
Palm oil prices drop 1.8% on cheaper rival oils, firmer ringgit
Dalian's most-active soyoil contract fell 2.5% and its palm oil contract fell 3.5%.
India plans to hike edible oil import taxes to boost local supply, sources say
The tax hike could curb the world's biggest vegetable oils importer's purchases and weigh on Malaysian palm oil, along with soy and sunflower oil prices, while propping up local prices of oilseeds such as rapeseed, soybean and ground nut.
Emami Agrotech's edible oil business down by 10% in Apr-Jun quarter due to closure of hotels, restaurants
The company reported sales of Rs 12,000 crore in last fiscal while profit was around Rs 100-120 crore.
Cooking oil demand from big buyers to fall 30-35%
Demand from big buyers is likely to fall 30-35% this year, said Sudhakar Desai, president of the Indian Vegetable Oil Producers’ Association (IVPA), an apex organisation of vegetable oil producers in the country.
Virus may hit edible oil imports by 5%
Angshu Mallick, chief operating officer of Adani Wilmar that sells edible oils under the Fortune brand name said “We have to come out with new ideas for supply chain management.
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