-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...
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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...
More »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 do edible oil woes persist? -A Narayanamoorthy
-The Hindu Business Line Apart from endemic policy concerns, the promotion of palm oil has downsides The edible oilseed production has occupied centre-stage in the discourse on Indian agriculture after Prime Minister Narendra Modi’s recent announcement of the ₹11,040-crore National Mission on Edible Oil-Oil Palm (NMEO-OP), to have self-sufficiency in edible oils, particularly palm oil. There are two reasons for this announcement. First, the recent skyrocketing of edible oil prices has irked the...
More »India has an edible oil problem, but palm oil won't fix it -Sayantan Bera
-Livemint.com * Amid soaring cooking oil prices, India has a new plan to grow oil palm locally. Is the solution worse than the problem? * India plans to add about 2.5 million tonnes of home grown crude palm oil by 2030. Its ₹11,000-cr national mission on oil palm focuses on north-east and Andaman and Nicobar Islands M V. Ramoji Rao is a seasoned dentist and a busy one too. It’s not easy to...
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