Palm Oil
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Despite falling consumption, Vanaspati retains high WPI weightage
In the past decade, the share of vanaspati in the assortment of cooking oils preferred by Indians has nearly halved to 2.88%. Nonetheless, it...
India’s sunflower oil imports skyrocket by 51% in March, pushing palm oil to lowest levels since 2023
In March, India's imports of sunflower oil surged by 51% compared to the previous month, marking the second-highest level on record. Lower prices prompted...
Pricey cocoa, coffee, palm oil, and sugar spike dining costs: Restaurant bills set to increase by 5-8%
Dining out and delivery services are becoming more expensive, as are chocolates. Bills at fast-food joints and upscale restaurants could see a 5-8% increase...
India set to boost soyoil imports in 2024, palm oil purchases expected to decline
India, the world's biggest importer of vegetable oil, is anticipated to increase its procurement of soyoil in 2024, while purchases of palm oil are...
FMCG market growth set to rebound next fiscal year, says Godrej Consumer Products CEO
The FMCG market growth rate is expected to improve next fiscal year, according to Sudhir Sitapati, Managing Director and Chief Executive Officer of Godrej...
Govt asks cooking oil companies to align prices with international rates, industry executives express feasibility concerns
According to the solvent extractors association, the government has asked cooking oil companies to align their product prices with the decline in international rates....
India’s palm oil imports reach four-month high in December, fueled by competitive prices and increased demand for refined variants
India's palm oil imports reached their highest level in four months in December, led by an uptick in purchases of refined palmolein due to...
Godrej Agrovet and Malaysia’s Sime Darby eye collaborative venture for palm oil processing unit in Telangana
The Telangana government announced on Tuesday that Godrej Agrovet Company Ltd has expressed interest in establishing an integrated palm oil processing unit in partnership...
India extends import duty reduction on edible oils until March 2025 to counter soaring domestic prices
In an effort to control local prices, India has issued a government order allowing the import of edible oils at lower tax rates until...
India’s palm oil imports reach three-month high amid soaring discounts
In November, India witnessed a surge of over 20% in palm oil imports compared to the previous month. Refiners showed a preference for this...
Indian buyers pull back on palm oil purchases amid rising prices
Indian buyers have scaled back their palm oil purchases for December and January shipments, attributing the decision to escalating prices and refiners confronting negative...
SEA urges govt to raise palm oil duty gap to safeguard domestic industry
The Solvent Extractors' Association of India (SEA), representing the edible oil industry, has urged the government to raise the duty gap between crude and...