Tuesday, 25 January, 2022
TopicEdible oils

Topic: Edible oils

Oil processors want Punjab, Haryana to divert land from wheat-paddy to oilseeds, write to govt

According to Solvent Extractors’ Association of India, diverting land from rice & wheat production in Punjab, Haryana can increase production of edible oil in India by 25 lakh tonnes.

Govt’s plan to tackle edible oil price rise: Push for domestic rice bran oil production

India is witnessing record-high inflation in edible oil prices. Food Secretary says country can produce up to 18-19 lakh tonnes of rice bran oil, up from current 11 LT.

Centre imposes stock limits on edible oils to soften prices in domestic market

As per government data, edible oil prices in the domestic markets have risen sharply by up to 46.15% in the last one year due to global factors and local tight supply situation.

Modi govt reduces custom duties on edible oils to ease elevated level of retail prices

The base import tax on crude palm oil, crude soy oil and crude sunflower oil has been reduced to 2.5 per cent, the Finance Ministry said in a notification issued late Friday.

Modi govt hikes rabi crops’ MSP, pulses and oilseeds see bigger jumps than wheat

MSP for mustard is up 8.6%, followed by masur (7.84%) and gram (2.54%). Wheat MSP has just risen by 2.02%, as govt attempts to encourage crop diversification.

Forget petrol & diesel, prices of edible oils have soared even higher in June, July

Edible oils have seen a sharp rise in prices in last 6 months despite govt efforts to cool off rates by reducing high tax levies. June fuel inflation was 12.68%, while edible oil inflation was at 34.78%.

Erratic monsoon hits cereal, pulses, oilseed sowing in top producing states amid inflation

Deficient rainfall has hit sowing of crops like moong, urad, and soybean, which has severely pushed up food inflation marked by high prices.

Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel

Both the heavily imported commodities have witnessed double-digit inflation but one is set to become cheaper. 

Surge in Indonesia and Malaysia’s palm oil prices may shrink sales to India

India will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low.

Palm oil producers hope India’s Diwali buying will boost their fortunes

With production in top growers climbing & prices hovering near 3-year lows, last chance to arrest palm oil’s decline is Indian demand ahead of Diwali.

On Camera

YourTurn

Representative image of Army | ANI

Central Vista, old army uniforms—why this year’s Republic Day parade is a source of pride

Days of Mughal or British glory are over. Central Vista is Indian govt's modern structure, and uniforms are sources of pride.
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India among Asian destinations for investors fleeing Chinese real estate debt crisis

Both Goldman Sachs & CreditSights consider Indian companies attractive. While the first recommends high-yield renewables, the latter considers financial firms to well shielded here.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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