India’s edible oil imports drop 3.09% to 159.6 lakh tonnes
Nov 13, 2024, at 10:51 pm
New Delhi: India’s edible oil imports dropped by 3.09% to 159.6 lakh tonnes in the 2023-24 oil marketing year, primarily due to increased domestic oilseeds production and a decline in demand amid rising prices, according to the Solvent Extractors Association of India (SEA).
India's palm oil imports jump 34% in Apr to 684,000 tonnes: Report
May 15, 2024, at 09:52 pm
New Delhi: India saw a significant increase of 34.11% in palm oil imports in April, reaching 684,000 tonnes, according to the Solvent Extractors' Association of India (SEA).
Patanjali Foods Q4FY24 profit drops 22% to Rs 206 cr due to weak demand
May 15, 2024, at 06:00 am
Mumbai: Patanjali Foods, co-founded by Yoga guru Baba Ramdev and Acharya Balkrishna, reported a 22% drop in fourth-quarter profit on Tuesday, mainly due to weak demand that hurt overall sales in its core edible oils business and rising expenses.
Adani Wilmar takes legal action against B2B platform for selling fake products under 'Fortune' brand
Jul 23, 2023, at 06:52 pm
Edible oil company, Adani Wilmar Ltd, has taken legal action against a B2B platform for allegedly selling counterfeit products under its 'Fortune' brand, media reports said.
Mustard seed prices slip below MSP: Report
Apr 08, 2023, at 05:13 am
Pune: The price of mustard seeds, India's primary oilseed crops, has slipped below the minimum support price (MSP), ET reported.
Adani Wilmar Q2FY23 PAT dips 73% to Rs 49 cr
Nov 03, 2022, at 09:16 pm
Adani Wilmar Ltd Thursday reported Rs 49 crores Profit After Tax (PAT) in Q2FY23, a 73 percent year-on-year loss compared to Rs 182 crore in the corresponding period in FY22.
Govt exempts wholesalers and big retailers of oilseeds and edible oils from stock limit order
Nov 02, 2022, at 09:45 pm
The Centre on Tuesday said it would exempt wholesalers and big chain retailers of oilseeds and edible oils from the current stock limit order, according to a statement.
Adani Wilmar slashes edible oil prices by Rs 5-30 per litre
Jul 18, 2022, at 08:26 pm
New Delhi: Amid declining trend in global edible oil prices, Adani Wilmar on Monday announced a cut on maximum retail prices (MRPs) on its range of edible oils.
Centre directs edible oil associations to reduce prices by Rs 15 per litre
Jul 09, 2022, at 07:55 pm
New Delhi/UNI: The Centre has directed leading edible oil associations to reduce prices by Rs 15 per litre with immediate effect, an official statement said on Friday.
Timely govt interventions led to decline in edible oil prices, more price cuts likely: Centre
Jun 23, 2022, at 04:22 pm
New Delhi: The Indian consumers can expect to pay less for their edible oils as the wholesale prices and retail prices of vanaspati, soybean oil, sunflower oil and RBD palm olein have decreased over the week following government's intervention, the Ministry of Consumer Affairs, Food & Public Distribution said Wednesday.
Union Cabinet approves National Mission on Edible Oils to reduce palm oil imports
Aug 18, 2021, at 11:19 pm
New Delhi/IBNS: The Union Cabinet has approved the Rs 11,040 crore National Mission on Edible Oils-Oil Palm to give impetus to palm oil production in India and cut down dependence on expensive imports from South East Asia.