Govt extends policy to import refined palm oil at lower duty

New Delhi: The Centre Thursday said it extended a policy, which was due to expire on Dec 30, to import refined palm oil at a lower duty "until further orders”.

Timely govt interventions led to decline in edible oil prices, more price cuts likely: Centre

New Delhi:  The Indian consumers can expect to pay less for their edible oils as the wholesale prices and retail prices of vanaspati, soybean oil, sunflower oil and RBD palm olein have decreased over the week following government's intervention, the Ministry of Consumer Affairs, Food & Public Distribution said Wednesday.

India's crude palm production rose 13 pc in 2019-20, Andhra remains leading producer

New Delhi/IBNS: India's production of crude oil palm (CPO) increased 13 percent in the financial year 2020-21 to 2,88,056 metric tons compared to 2,54, 794 metric tons in 2019-20 with Andhra Pradesh being the leading producer, according to government data.

Union Cabinet approves National Mission on Edible Oils to reduce palm oil imports

New Delhi/IBNS: The Union Cabinet has approved the Rs 11,040 crore National Mission on Edible Oils-Oil Palm to give impetus to palm oil production in India and cut down dependence on expensive imports from South East Asia.