-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 »What would the proposed large-scale cultivation of oil palm mean to India’s ecology and economy? -Omair Ahmad
-The Hindu Palm oil is cheap, versatile and mostly imported. Now, the government has an ambitious plan for the large-scale production of this crop In his Independence Day speech, the Prime Minister announced a scheme to support the growth of palm oil in India. Three days later, the Cabinet approved a ₹11,040 crore outlay over five years for the National Mission on edible oils — Oil Palm, based on the argument that...
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 »Retail edible oil prices to start softening from Dec: Food Secretary Sudhanshu Pandey
-PTI/ BusinessToday.in Retail prices of edible oils in India, which imports 60 per cent of its requirement, have shot up to 64 per cent in the past just one year, in line with the global developments Retail edible oil prices in the country will start softening from December with arrival of new crops and a possible decline in global rates, Food Secretary Sudhanshu Pandey said on Friday. Retail prices of edible oils...
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