India allows duty-free import of 20 lakh tonnes per year of crude soyabean, sunflower oil

The government scrapped customs duty and agriculture infrastructure development cess on the import of crude soyabean oil and crude sunflower oil for 20 lakh metric tonnes (MT) each per year to ease local prices. The duty-free import of 20 lakh MT per year will be applicable for two fiscals, 2022-23 and 2023-24, for crude soyabean […]

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India’s oilmeal export supported by demand rise for rapeseed meal, says SEA

Rapeseed meal export is slated to increase during the current fiscal year 2022-23 due to increased crushing and solvent extraction of rapeseed cake, said Solvent Extractors’ Association of India (SEA). According to SEA, India is likely to be the competitive supplier to South Korea, Vietnam, Thailand, and other Far East countries. An increase in rapeseed meal […]

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India’s food grain output estimated at record 314 million tonnes for 2021-22 crop year (July-June)

India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]

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