Edible oil prices may stay high longer than onion surge
Consumers face persistently high edible oil prices even as onion costs are expected to ease by October. Retail sunflower oil is up 19.5% year-on-year to Rs 193.97/kg, palm oil up 15.9% and…
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Govt asks edible oil firms to pass duty cut benefits to consumers
The Food Ministry has asked edible oil companies to pass on the full benefit of lower import duties to consumers. The government reduced basic customs duty on crude sunflower oil from 10%…
India cuts edible oil import duties to check rising prices
The government has slashed import duties on crude and refined palm, soybean and sunflower oils, effective September 24. The basic customs duty on crude soybean and palm oil has been cut from…
Odisha floods push ginger to Rs 200, tomatoes to Rs 80
Household budgets in Odisha have been hit hard after recent floods drove vegetable and grocery prices sharply higher. Ginger has touched Rs 200 per kg, spine gourd Rs 200, garlic Rs 240,…
FDA Seizes Rs 1.94 Crore Substandard Oil in Beed Raids
The Maharashtra FDA has seized over 1 lakh kg of substandard loose edible oil worth Rs 1.94 crore from five units in Beed. Commissioner Tukaram Munde has advised citizens to avoid buying…
Onion, oil, LPG push home thali costs up 9% in July: Crisil
A home-cooked vegetarian thali cost 4% more in July than a year ago, while a non-vegetarian thali became 9% pricier, according to Crisil's Roti Rice Report. Onion prices rose 20% year-on-year as…
AWL Raises Edible Oil Stocks to 45 Days Amid Shipping Risks
AWL Agri Business has increased its imported edible oil inventory to cover 40 to 45 days of demand, up from its usual 30 to 35 days. CEO Shrikant Kanhere told Reuters that…
