Centre cuts edible oil import duty ahead of festive season
The government has reduced basic customs duty (BCD) on crude and refined edible oils, effective from September 24. The BCD on crude sunflower oil was cut to nil from 10%, while the…
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NMEO-OP: Five years on, India’s oil-palm return is modest
An analysis of the National Mission on Edible Oils-Oil Palm (NMEO-OP) for FY2021-22 to FY2025-26 shows that India brought 2.73 lakh hectares under oil palm, taking the cumulative area to 6.40 lakh…
Patanjali Foods Q1 net profit jumps 87% to Rs 336 crore
Patanjali Foods reported an 86.7% rise in consolidated net profit to Rs 336 crore for the quarter ended June 30, compared with Rs 180 crore a year ago, according to results announced…
70% of global rice bran oil potential untapped, says SEA
About 70% of the world's rice bran oil potential remains untapped, according to BV Mehta, Executive Director of the Solvent Extractors' Association of India (SEA). Speaking at the International Conference on Rice…
Shift NMEO-OP 2.0 focus from area to productivity, says analysis
India's National Mission on Edible Oils, Oil Palm (NMEO-OP) must shift from financial expansion to ensuring every planted hectare becomes productive, argues an analysis in The Hindu Business Line. The first phase…
