edible oils
Economy Food & Beverage. National News Retail

India Records 33% Increase In Vegetable Oil Imports: SEA

India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]

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Government News

India Concludes Mega Oil Palm Plantation Drive To Boost Domestic Production

The ‘Mega Oil Palm Plantation Drive’, which commenced on July 25, where State governments along with oil palm processing companies participated, concluded on Saturday. The plantation drive was aimed to promote and increase oil palm cultivation. The government believes this will further assist in achieving the target of bringing an additional area of 6.5 lakh […]

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Brands Companies Food News

Patanjali Foods’ Net Profit Plunge By 64% In Q1FY23

Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]

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Companies Government National News States

Govt Launches Mega Plantation Drive To Increase Oil Palm Production

The state governments along with oil palm processing companies have initiated a mega plantation drive to further increase the area under oil palm cultivation in the country. Three major oil palm processing companies- Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F are actively promoting and participating with the farmers in their respective states for record […]

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News Retail

Edible Oil Industry Urged To Further Reduce Retail Prices

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. The food ministry and the leading edible oil industry representatives in India had a meeting in June to discuss a […]

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Companies Government News

Edible Oil Prices Likely To Fall Further In India

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. This is the second meeting the Department of Food and Public Distribution convened within a month with […]

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