Wednesday, 26 January, 2022
TopicPalm oil

Topic: Palm oil

Palm oil duty cut to reduce prices will fry domestic potential, self-reliance, say producers

Govt reduced import duty on palm oil earlier this month to bring down retail prices. Some oil and farm associations say it contradicts govt’s vision of 'Atmanirbhar Bharat'.

Modi govt cuts import duty on refined palm oil to 12.5% from 17.5%

The govt has cut import duties on refined and crude edible oils several times this year to rein in the prices of edible oil. The last reduction on import duty was done on 14 October.

Worst-ever labour shortage triggers supply crunch for the world’ most consumed edible oil

Malaysia's output for palm oil production may slide below 18 million tonnes in 2021, a drop of at least 6% from last year and the lowest annual volume since 2016.

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.

Why Modi govt push for atmanirbharta in palm oil production could come at a cost to environment

The National Mission on Edible Oils-Oil Palm hopes to address a major issue — dependency on imports for edible oils — but given the nature of palm oil farming, has raised concerns.

India’s patchy monsoon is turning out to be good news for palm traders abroad

Concerns are growing that deficient monsoon rains this year could hurt crops, raise food prices, threaten a nascent economic recovery and boost imports of farm goods.

To make India ‘atmanirbhar’ on palm oil, Modi govt approves separate National Mission

National Mission on Edible Oils-Oil Palm proposes to cover an additional area of 6.5 lakh hectares (lha) under oil palm cultivation by 2025-26, and another 6.7 lha by 2029-30. 

Liberal palm oil import rules will harm self-sufficiency, say farmers & traders, seek review

As edible oil prices hit record highs, govt reduced duty on crude palm oil to 10% from 15%. To further cool down prices, licence-free import of palm oil products was allowed till 31 Dec.

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%.

Centre cuts import duty on crude palm oil to 10% to lower retail edible oil prices

The effective duty, which includes cess and other charges, on crude palm oil will be 30.25% while for refined palm oil it would be 41.25% from Wednesday.

On Camera

YourTurn

Badhaai Do poster | Zee Studios

Badhaai Do shows a lavender marriage. It hurts LGBT+ fight in post-377 India

‘Badhaai Do’ starring Rajkummar Rao and Bhumi Pednekar shows a gay man marrying a lesbian woman to get their families off their backs.
Bottles of sunflower oil at a plant in Alekseyevka, Russia | Photo: Andrey Rudakov | Bloomberg

India to look at Brazil, Russia for sunflower oil as invasion threat looms over Ukraine

Ukraine is India's biggest supplier of sunflower oil. Any escalation in Russia-Ukraine tension is likely to hit edible oil prices in the country as 70% of its requirement is imported.

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.
×