Edible Oil
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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...
Annapurna Swadisht enters edible oil market with acquisition of Arati mustard oil brand for INR 28 Crore
Annapurna Swadisht, a packaged food manufacturing company, has acquired the mustard oil brand Arati from R R Proteins and Agro for INR 28 crore,...
India’s first integrated oil palm processing unit by 3F Oil Palm begins commercial operations, marking a milestone
India's first integrated Oil Palm Processing Unit, established by 3F Oil Palm, has commenced its commercial operations, marking a significant milestone.Located at Roing in...
India’s vegetable oil imports drop 28% in January 2024; prices may surge amid global supply constraints, says SEA
India's vegetable oil imports fell by 28% to 1.2 million tonnes in January compared to the same period last year, said the industry body...
Adani Wilmar’s Q3 profit slides 18% YoY to INR 201 Crore; revenue witnesses a 17% decline
On Wednesday, Adani Wilmar, the FMCG division of the Adani Group, reported an 18% decrease in its profit for the December quarter on a...
Indian govt extends reduced import duty on edible oils until March 2025, implements 50% export duty on molasses
On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, effective until March 2025. The initially scheduled...
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...
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...
Patanjali Foods targets INR 1,000 Crore sales in masala segment, eyes new growth frontiers
Patanjali Foods is targeting INR 1,000 crore in sales within the masala business, viewing this category as the next frontier for growth.Baba Ramdev, serving...
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...
India’s edible oil imports surge to record highs in FY 2022/23: Palm Oil and sunflower oil soar, while soyoil declines
India's palm oil and sunflower oil imports saw substantial growth in the fiscal year 2022/23, surging by 24% and 54%, respectively, reaching record highs....
Patanjali Foods faces revenue dip in edible oil sales amidst softening prices, CEO optimistic for future growth
Patanjali Foods Ltd. witnessed a sequential decrease in its revenue from edible oil sales as domestic prices softened, according to Chief Executive Officer Sanjeev...