Following the death of seven labourers due to suffocation at Ambati Oil Factory in Andhra Pradesh, Kakinada District Collector Kritika Shukla has announced that an official team has been directed and soon a thorough probe will be taken up in the matter.
As many as labourers reportedly died due to suffocation while they were engaged in the removal of oil sludge in an edible oil tanker on Thursday in Andhra Pradesh's Kakinada district.
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.
India is the world's second-largest consumer and number one vegetable oil importer, and it meets around 60 per cent of its need through imports. With the formal approval of GM mustard for mass-scale cultivation in India, it is expected to reduce dependence on imported edible oils.
India's overall oilmeal exports so far during the current financial year - April to November - were 50 per cent higher year-on-year at around 2.39 million tonnes.
Various measures like reduction in import duties and cess on pulses, rationalisation of tariff, imposition of stock limits on edible oils and oilseeds, buffer stock maintenance of onion and pulses have all helped in restraining the soaring commodity prices due to pandemic-induced, supply-dem
The removal of wholesalers and big chain retailers from the stock limit order would allow them to keep various varieties and brands of edible oils, which they are unable to keep at present due to the limits imposed.
New Delhi [India], October 14 (ANI): There is an urgent need to allow exchange trading in palm oil and soybean oil as an absence of futures trading, which facilitates hedging, has led to "heavy financial loss" for importers of these commodities during the past three-to-four months, according