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

Samyak Pandey -
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

Samyak Pandey -
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

PTI -
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

PTI -
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

Samyak Pandey -
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

Samyak Pandey -
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

Samyak Pandey -
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

Samyak Pandey -
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

Atul Prakash -
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

Anuradha Raghu -
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

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Opinion

Representative image of Army | ANI

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

Lt Gen Satish Dua (retd) -
Days of Mughal or British glory are over. Central Vista is Indian govt's modern structure, and uniforms are sources of pride.
Yogi Adityanath at Dalit homes. Dalit outreach is a farce

Not civil servants, engineers, or teachers, politicians always dine at poor Dalit homes

Why Federal Reserve will no longer have pandemic-era investors’ backs

Economy

A Chinese flag being raised in the Lujiazui Financial District of Shanghai | Photo: Qilai Shen | Bloomberg

India among Asian destinations for investors fleeing Chinese real estate debt crisis

Ameya Karve -
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

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

National Interest

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

Shekhar Gupta -
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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