-Down to Earth Higher MSP, dearer imports expected to keep rates firm for local oilseeds India looks set for a bumper mustard harvest this rabi season, which raises the question: Will those growing the oilseed reap enough compensation for their effort? Increased supply generally suppresses prices, but experts are optimistic that mustard farmers will duck that trend this time. The country has already achieved its mustard acreage for 2025-26 this rabi...
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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...
More »Centre imposes stock limits on edible oils to soften the prices of edible oils in the domestic market
-Press Information Bureau/ Ministry of Consumer Affairs, Food & Public Distribution The Department of Food and Public Distribution in a landmark decision has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was...
More »All that ails pulses in India - Vivek Mishra, Shagun Kapil and Raju Sajwan
-Down to Earth The past three decades have seen stagnation in acreage, production and productivity of pulses across the country due to a bevy of reasons that include availability of more profitable crops The primary reason behind India’s domestic shortage in pulses is stagnation of production over the past five decades. Overcoming the Pulses Crisis, a 2010 report by the Confederation of Indian Industry, states the production of pulses grew only by...
More »Some festive cheer on edible oils front as prices dip, mustard oil is the only exception -Samyak Pandey
-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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