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60% of imported edible oil is palm oil due to high damand
About 60% of the imported edible oil is palm oil. Because India is a big consumer of palm oil.
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Wholesalers decide to reduce edible oil prices by Rs 3-5 per kg
The average retail prices of palm oil had already fallen by 21.59% to Rs 132.98 per kg on October 31, down from Rs 169.6 per kg on October 1.
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Centre imposes stock limits on edible oils to soften prices
The high prices of edible oil in international market has a substantial impact on the domestic edible oil prices
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Cooking Oil: Retail prices to ease as govt slashes import duty
The government slashing the import duties on edible oil could bring down the retail prices by Rs 4-5 per litre
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Centre directs wholesalers to disclose their stocks as edible oil prices soar
The government has not set any limit on the storage of edible oils to the wholesalers.
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Govt likely to reduce import duty on cooking oils to curb price surge
India is forced to meet over 65% of its domestic demand for cooking oils through imports.
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Cabinet nod for Rs 11,040 crore on edible oils-oil palm
The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort
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PM Modi’s mission to make India ‘Atmanirbhar’ in edible oils
To reduce the dependence on imports, PM Modi announced the NMEO-OP initiative to make India self-sufficient in cooking oils, including palm oil.
