Search For "crude palm oil"
Duty reduction on crude edible oils beneficial for both refiners, consumer
Updated : 11 months, 1 week ago IST
On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm Oil (CPO), Crude Soybean Oil, and Crude Sunflower Oil -- lowering it from 20 per cent to 10 per cent.
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Industry body urges Centre to allow futures trading in crude palm, soybean
Updated : 1 year, 6 months ago IST
Edible oil industry body has once again requested the government to reconsider resuming futures trading in internationally traded commodities like crude palm oil and crude soybean oil.
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Over 17 lakh oil palm saplings planted in a plantation drive under Nationa
Updated : 1 year, 8 months ago IST
India is the world's second-largest consumer and number one vegetable oil importer, and it meets about 60 per cent of its needs through imports. A large part of it is palm oil and its derivatives, which are imported from Indonesia and Malaysia.
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India's edible oil imports rose 22 pc in December 2022
Updated : 3 years, 4 months ago IST
Overall, the import of vegetable oils, including edible oils, during December 2022 is reported at 1.56 million tonne compared to 1.22 million tonnes in the same month of 2021, which is an increase of about 28 per cent.
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Sebi extends suspension of trading in derivative contracts in 7 commoditie
Updated : 3 years, 5 months ago IST
"The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2022 i.e. till December 20, 2023," Sebi said in a release on Tuesday evening.
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Edible oil industry seeks higher duty difference between crude, refined pa
Updated : 3 years, 6 months ago IST
India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports.
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Five Asian countries, including India, join hands to form palm oil allianc
Updated : 3 years, 8 months ago IST
New Delhi [India], September 22 (ANI): The apex edible oil industry associations from five major palm oil importing countries in Asia have come together for the first time to form an alliance -- Asian Palm Oil Alliance (APOA).
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Resume futures trading in crude palm and soybean oil: Industry body to SEB
Updated : 3 years, 8 months ago IST
New Delhi [India], September 13 (ANI): Domestic edible oil industry body Solvent Extractors' Association of India requested financial market regulator SEBI to resume futures trading of internationally traded commodities such as crude soybean oil and crude palm oil.
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Edible oil to drop down by Rs 10-12/litre within a week: sources
Updated : 3 years, 10 months ago IST
New Delhi [India], July 6 (ANI): As edible oil prices are slashed down globally, the prices in India will come down by Rs. 10 to Rs. 12 per litre, said sources on Wednesday.
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Government reduces agri cess on crude palm oil to 5 per cent
Updated : 4 years, 3 months ago IST
New Delhi [India], February 14 (ANI): With a view to provide relief to consumers from the sharp increase in the prices of edible oils, the Government of India on Monday announced that agri-cess on crude palm oil has been reduced to 5 per cent with effect from 12th February 2022 from the earl
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Daily wholesale prices of edible oils drop significantly post reduction in
Updated : 4 years, 8 months ago IST
New Delhi [India], September 17 (ANI): A massive difference in daily wholesale prices was reported, following the Centre's decision to slash the standard rate of duty on edible oils a week ago to check prices, the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.
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Centre reduces standard rate of duty on edible oils
Updated : 4 years, 8 months ago IST
New Delhi [India], September 12 (ANI): The Centre on Saturday reduced the standard rate of duty on crude palm oil, crude soyabean oil to ensure the availability of edible oil to consumers at fair prices.
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