-Moneycontrol.com Edible oils have risen as much as 62 percent in the last year as bad weather in major producing countries and increasing use of biofuels has hit supply, but experts say the market will stabilize in a few months Prices of edible oils such as mustard, vanaspati, soya, palm, sunflower, and groundnut are more than their highest in a decade. Prices have risen as much as 62 percent from last year, Food...

-MoneyControl.com India’s production of oilseeds is too little to provide for the domestic demand and therefore is dependent on imports. The average retail prices of edible oils rose to their highest in May with soyabean oil prices climbing to nearly Rs 150 for a kilo and sunflower oil to Rs 170. The prices of both edible oils have jumped around 50% from the levels prevailing when the country was under a national...

-Down to Earth In 2019, India imported around 15 million tons of edible oils worth approximately Rs 7,300 crore Edible oils are indispensable in the Indian kitchen. But it might be surprising to many that India imports most of the oil it consumes, unlike most other agricultural products which are produced locally. Even after having a diverse agro-climatic conditions, abundant land and large sections of population depending on agriculture, why does India have...

-TheWire.in The rise and fall of the biggest importers of edible oil in the world. ‘Freedom is the greatest fruit of self-sufficiency’ – Epicurus The COVID-19 pandemic has been detrimental for globalisation and has led to a clamour for protectionism. India’s national strategy is also in line with this trend with calls for ‘Atmanirbharta’ and ‘vocal for local’ increasing. Traditionally, India was an exporter of edible oil before Independence, became self-sufficient post-Independence (till the early 1970s),...

-The Tribune 70% India imports almost three-fourths of its annual domestic consumption of edible oils KHARIF harvesting operations are going to begin soon. Agricultural production is likely to surpass last year’s record production by 7-8%. The higher production inevitably puts downward pressure on market prices. The problem of low harvest prices has been compounded by the steep fall in the GDP growth rate in the first quarter of 2020-21; it will reduce...