-ThePrint.in As many as 4 import duty cuts were effected with respect to three edible oils between June and September, following a sharp rise in prices over the preceding months. New Delhi: The price of most edible oils has decreased by up to 7 per cent over the past two weeks on the back of a series of import duty cuts, bucking the usual festive-period trend of cost spurts. Approximately 60 per cent...
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Record paddy harvest, lower oilseed production this kharif season
-The Hindu Increase in pulses production, especially toor dal crop The summer kharif season is likely to produce a record paddy harvest this year, pushing the country’s foodgrain production for the season to an all time high of 15 crore tonnes, according to first advance estimates from the Agriculture Ministry. However, oilseed production is marginally lower than last year, with both groundnut and soyabean harvests slightly, which could be bad news for soaring...
More »Why India is not self-sufficient in oilseed production -Radheshyam Jadhav
-The Hindu Business Line Poor infrastructure and lack of cohesive government policy continue to haunt oil seed and oil producers Pune: The Centre’s decision to allow the import of 1.2 million tonnes (MT) of crushed and de-oiled genetically modified (GM) soya cake or soyameal has landed Maharashtra’s soya producers in trouble. Maharashtra, along with Madhya Pradesh, is one of the leading soya producing States. Together, these States contribute an estimated 89 per...
More »Truant monsoon spells trouble for soyabean in Central India -Vishwanath Kulkarni and Subramani Ra Mancombu
-The Hindu Business Line Trade sees lower acreage in MP; higher area in Maharashtra, other states For farmers like Sunil Mukhati and hundreds of others near Indore in Madhya Pradesh, gazing at the skies as soon as they get up every day, has become a sort of ritual over the past couple of weeks. “We have been looking at the sky every morning these last few days, hoping that we will get some...
More »Why edible oil prices are on fire -Shubham Shankhdhar
-IndiaToday.in India’s edible oil demand far exceeds domestic production. At least 60 per cent is met through imports, and global prices are soaring. Is there a way out? These days, aside from the coronavirus, Ajay Kumar a 40-year-old a resident of Tagore Garden in West Delhi, finds himself worrying about inflation. He says his monthly spending on essentials like vegetable oils has been steadily rising—a litre of mustard oil now costs him...
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