India’s palm oil imports rise marginally to 5.90 lakh tonnes in June 2022: SEA

India’s palm oil imports rose marginally to 5,90,921 tonnes in June this year, but the shipment of RBD palmolein oil showed a sharp increase, industry body Solvent Extractors Association (SEA) said. India, the world’s leading vegetable oil buyer, imported 5,87,467 tonnes of palm oils in June 2021. The association also demanded the government to increase […]

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Companies asked to cut edible oils price by up to Rs 10 a litre; to maintain uniform MRP for same brands across the country

Amid a fall in global prices, the government on Wednesday directed edible oil manufacturers to further cut the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week, and maintain a uniform MRP of the same brand of oil across the country. As India imports more than […]

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Coconut oil prices drop in India even as edible oil prices in India soar

At a time when edible oil prices have been soaring, coconut oil producers are sceptical of a price rally, at least in the short term. Several industry sources, including officials from the Coconut Development Board, have explained that there will be surplus production in the growing regions this year due to favourable meteorological conditions in […]

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Indonesia lifts ban on export of edible oil on improved supply; prices likely to reduce

Indonesia said it will lift a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil. President Joko Widodo said exports will resume from Monday next. Indonesia and Malaysia are the world’s largest exporters of palm oil, which plays an important role in their economies. They account […]

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