-Financial Express SEA has stated that the ban on futures trade has deprived importers of hedging their price risks in rupee-denominated soya oil and crude palm oil futures on Indian exchanges. The Solvent Extractors’ Association (SEA) of India, a body of edible oil manufacturers, on Monday demanded lifting of ban on futures trade in soya oil and crude palm oil (CPO) on the commodity exchanges imposed on December, 2021, to ensure risk...
More »SEARCH RESULT
Total Matching Records found : 15
Cooking oil prices spike in India due to Russia-Ukraine crisis -B Krishna Mohan
-TelanganaToday.com Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil imports are getting costlier due to the internal trade restrictions of Indonesia, the biggest producer of palm oil. On the other hand,...
More »Govt cuts import duty on crude palm oil to lower retail edible oil prices
-PTI/ The Hindu Currently, basic customs duty on crude palm oil is 15%, while it is 45% for all other categories of palmolein. The government on Tuesday reduced basic customs duty on crude palm oil to 10%, which will help bring down the edible oil prices in the retail market. The Central Board of Indirect Taxes and Customs (CBIC) in a notification cut the basic customs duty on crude palm oil to 10%...
More »Centre hikes import duty on crude, refined soft edible oils
-The Hindu Business Line Palm oil imports slow down in May Bengaluru/ Ahmedabad: The Centre has increased the import duty on crude and refined soft edible oils such as soy oil, sunflower oil and rapeseed on Thursday. Duty on crude soft edible oils has been hiked to 35 per cent and on and soft oils to 45 per cent. Earlier, crude soy oil attracted an import duty of 30 per cent, and sunflower...
More »Delayed rains in Central India have farmers worried -Rutam Vora
-The Hindu Business Line ‘Odd’ monsoon path upsets crop cycle, slows down sowing Ahmedabad: Farmers in Gujarat, Madhya Pradesh and parts of Maharashtra are a worried lot as the ‘monsoon watch’ gets longer in the key growing regions, affecting the sowing of kharif crops. According to the latest available data, farmers in Gujarat have completed sowing on about 8.71 lakh hectares, which is more than double the 2.74 lakh hectares sown by about...
More »
