Nirmala Sitharaman on Economic Package: Govt to amend Essential Commodities Act to deregulate cereals, edible oil, pulses
The government will amend the six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, edible oil, oilseeds, pulses, onion and potato, Finance Minister Nirmala Sitharaman said on Friday
Govt suspends 39 import licenses for refined palmolein after surge in duty-free imports in Nepal, Bangladesh: Report
India, the world’s biggest importer of edible oil, put refined palm oil and palmolein on a list of restricted items on 8 January, although New Delhi later issued licences to import more than 1.1 million tonnes of refined palmolein.
Leading milk supplier Mother Dairy, which sells cooking oils under Dhara brand, on Monday said the company's production and sales of edible oils have been hit by 35-40 percent post nationwide lockdown to control the spread of COVID-19
Coronavirus Outbreak: Prices of pulses touch three digits in Mumbai and Delhi; potato, onion and cooking oil rates go north across India
In the southern states, the price of Urad dal has gone up by more than Rs 20 per kilogram after the lockdown.
Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak
A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures.
Edible oil industry body demands cap on import of refined palm oil to protect local refiners, farmers
Last week, the government had imposed restrictions on imports of refined palm oil and palmolein in the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue.
Emami Agrotech plans to invest Rs 700 cr capex to expand edible oil capacity; forays into spices market
Agarwal said the company did not find any slowdown in demand for bulk sales to the corporate, which accounts for nearly half of Rs 12,000 crore revenue registered the last fiscal for Emami Agrotech.
JNPT already has a liquid cargo terminal in addition to the four container terminals off the city's east coast.
Baba Ramdev’s Patanjali denies placing Rs 9,000 crore bid for Ruchi Soya; will still evaluate stressed target
Baba Ramdev’s Patanjali Ayurved has denied making a bid for debt-laden edible oil importer and retailer Ruchi Soya Industries
Coconut farming in India is less profitable given the excess of supply over demand. But if the land in between trees is used for other crops, including cocoa, the money can be lucrative.
The import duty on crude edible oil is currently 2.5 percent.
Industry officials estimate India could save nearly $3 billion from imports of edible oils this year and $1 billion on pulses. In the 2012/13 financial year, which ended on March 31, India's edible oil imports stood at a record $11.31 billion, while it spent an all-time high of $2.34 billion buying pulses overseas.<br /><br />
To check hoarding and contain price rise, the government today said the order restraining traders from holding stocks of pulses, edible oils and edible oilseeds beyond a limit will be in force for one more year.
Retail prices of essential commodities like sugar, edible oil and pulses may jump by 15 percent in the coming festive season due to rising demand and poor rainfall affecting output, a study has said.
Prices of pulses became cheaper by 5.63 percent year-on-year during the week under review. However, all other items continue to remain expensive.<br /><br /> <br /><br />