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Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma

-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...

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Rising prices of edible oils: Centre hopes states will impose stock limits -Shankhyaneel Sarkar

-Hindustan Times Rising prices of edible oils have dampened the mood ahead of the festive season.  The central government on Friday expressed hope that key oilseeds and edible oil-producing states will begin implementing stock limits from next week. It will further help in cooling down the prices and bring some relief to consumers amid the festive season, the government said. The central government said that it took measures to reduce Edible Oil Prices...

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Food prices edge up, government keeps close watch -Zia Haq

-Hindustan Times Edible-oil prices continue to be dearer due to high global prices, prompting the Union government last week to tighten measures Vegetable prices, especially of tomato and onion, have risen in urban centres, including the national capital, on the back of higher fuel prices and damage to summer crops due to heavy rains, wholesale and retail trade data showed on Sunday.  Edible-oil prices continue to be dearer due to high global prices,...

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Festive Bonanza: Government Slashed Import Taxes On Edible Oils Till March 2022, Check Details -

-Outlook India The latest development will cut the effective import tax on crude palm oil, crude soya oil and crude sunflower oil from 24.75 percent till now to 0. The government on Wednesday reduced various import taxes on palm oil, soyoil and sunflower oil ahead of the festive season till March 31, 2022, said the Bureau of Indirect Taxes and Customs. According to Moneycontrol, the latest development will cut the effective import tax...

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Centre imposes stock limits on edible oils to curb price surge

-Livemint.com * This decision will soften the prices of edible oils in the domestic market * The high prices of edible oil in international market has a substantial impact on the domestic Edible Oil Prices In a landmark decision, the Department of Food and Public Distribution has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. In a release the department said, the Removal of Licensing Requirements, Stock...

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