Mumbai (Maharashtra) [India], July 27: The Government of India under National Mission on Edible Oils – Oil Palm (NMEO-OP) has initiated a Mega Oil Plantation Drive from July 25 to August 5, 2023. To commemorate this initiative, a roundtable was organized in Guwahati. It witnessed participati
The Solvent Extractors' Association of India, the apex industry body for edible oils, once again urged its members to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers.
Allocated by Telangana’s Department of Agriculture and Cooperation (Horticulture and Sericulture), the allotted area will be utilized by the company to expand cultivation of oil palm and set up processing units.
India has reduced customs duty on imports of refined soyabean oil and refined sunflower oil to 12.5 per cent from 17.5 per cent, according to an official notification.
A meeting was held Friday between the food department and the leading edible oil industry representatives in India to discuss a further reduction in the retail prices of edible oils amidst a continued fall in their global prices.
Kachch (Gujarat) [India], May 23 (ANI/NewsVoir): In 2022, the Indian edible oil market grew by 24.3 million tonnes. Projections indicate continued growth with a 5.1 percent volume growth in 2024. The average volume per person in the Edible Oils segment is expected to reach 4.47 kg in 2023. T
According to the Ministry, the said business group was under the control of an individual with a significant political background. As part of the operation, the tax department also conducted searches on a close business associate of the individual.
For increased availability of edible oils in the country and to reduce the import burden, various interventions were taken since 1991-92 through different schemes, the deputy director said.
An Indian edible oil industry body issued an advisory to its members appealing to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers.