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NEW DELHI: India, the world's second-largest sugar producer, has no plans to curb sugar exports, Food Secretary Sanjeev Chopra said on Tuesday (April 7), as a fall in domestic consumption partly offset lower-than-expected output. The South Asian country has allowed exports of 1.59 million metric tonnes on the assumption production would exceed local demand. However, output is projected to fall below consumption for a second consecutive year due to weaker cane yields in the biggest producing st ...Read More >

New Delhi [India], April 7 (ANI): The cost of a home-cooked non-vegetarian thali fell by one per cent year-on-year in March 2026, while the price of a vegetarian meal remained stable during the same period. This difference in pricing emerged as lower costs for staples such as onions, potatoes, and pulses effectively offset the rising expenses associated with tomatoes, vegetable oil, and fuel. According to the latest Roti Rice Rate report from Crisil Intelligence, the average cost of preparing t ...Read More >

New Delhi, April 3: World food commodity prices rose in March for the second month in a row, largely due to higher energy prices linked to the conflict escalation in West Asia, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally-traded food commodities, averaged 128.5 points in March, up 2.4 percent from February and 1.0 percent above its level a year ago. "Pr ...Read More >

New Delhi [India], April 2 (ANI): Demand for refined sunflower oil in India is expected to decline by around 10 per cent in the current fiscal due to supply chain disruptions and rising prices, according to a report by Crisil Ratings. The report said the decline in volumes will be driven by twin headwinds, disruptions in supply chains due to the ongoing West Asia conflict and higher prices resulting from increased logistics costs. These factors are likely to push consumers towards cheaper alter ...Read More >

Mumbai, Apr 2 (PTI) India's refined sunflower oil sales volume is expected to decline about 10 per cent in the current fiscal due to supply-chain disruptions triggered by the Middle East conflict and rising prices that are likely to drive consumers towards cheaper alternatives, a report said on Thursday. Indian refined sunflower oil volume is poised to decline 10 per cent in the current fiscal, due to twin headwinds that will dampen demand, Crisil Ratings said in a report. Firstly, supply-chai ...Read More >

Mumbai: Solidaridad Asia, in collaboration with The Solvent Extractors' Association of India (SEA) and the Asian Palm Oil Alliance (APOA), released a research-backed white paper titled Path to Palm Oil Self-Sufficiency in India. The white paper provides a comprehensive strategy to reduce India's heavy reliance on palm oil imports, boost domestic production, and achieve up to 50% self-sufficiency by 2047, potentially saving trillions of dollars in import costs while enhancing farmer income and en ...Read More >

Mumbai: India purchased 300,000 metric tons of soyoil from Argentina during Tuesday and Wednesday, the largest ever purchase in a two-day period, dealers said, taking advantage of Buenos Aires' move to scrap export taxes on soybeans and other food products. The aggressive purchases will help Argentina cut its soyoil stocks, but could also mean fewer palm oil shipments from Indonesia and Malaysia to India. The soyoil purchases are for October-to-March shipment, the dealers said, declining to be ...Read More >
Kolkata: Rice and edible oil prices have fallen sequentially this month ahead of the main festive season, companies said. While most rice varieties that Indian households consume have become cheaper in the retail market, a drop in the wholesale prices of edible oils is expected to reflect at the retail level by month-end. Rice prices have fallen as Bangladesh, which had aimed to import 1 million tonnes of the grain this year, has placed very little orders from India, traders said. Bangladesh b ...Read More >

New Delhi, Sep 15 (PTI) India's vegetable oil imports rose by 7 per cent to 16.77 lakh tonne in August compared to the year-ago month despite a sharp drop in refined palmolein shipments following import duty changes, industry body SEA said on Monday. Total vegetable oil imports stood at 15.63 lakh tonne in August 2024. The Solvent Extractors Association of India (SEA) said the country imported 16.21 lakh tonne of edible oils and 55,821 tonnes of non-edible oils in August. Among edible oils, c ...Read More >

New Delhi, Aug 14 (PTI) Patanjali Foods Ltd on Thursday reported a 31 per cent decline in consolidated net profit to Rs 180.35 crore in the June quarter due to higher expenses. Its net profit stood at Rs 262.72 crore in the year-ago period. Total income rose to Rs 8,912.69 crore in the April-June period of the 2025-26 fiscal year from Rs 7,202.35 crore in the corresponding period of the preceding year, according to a regulatory filing. During the June quarter, there was an increase in other e ...Read More >

VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >

New Delhi, Aug 14 (PTI) India's import of edible oil fell 16 per cent to 15.48 lakh tonnes in July, mainly due to a fall in shipments of palm oil, both refined and crude, according to industry body SEA. The country imported 15,48,041 tonnes in July this year as against 18,40,062 in the year-ago period. The data does not include imports from Nepal, the Solvent Extractors' Association of India (SEA) said in a statement on Thursday. The industry body said the fall in imports of edible oils in Ju ...Read More >

MUMBAI: India's palm oil imports fell in July because of cancellations of import contracts, while soyoil shipments surged to a 3-year high due to competitive prices and the delivery of delayed shipments from June, according to five dealers. Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could lead to a stock buildup in top producers Indonesia and Malaysia and weigh on benchmark Malaysian palm oil futures. In July, palm oil imports declined by 10% to 858,000 metri ...Read More >

Hyderabad: Union Minister of Coal and Mines G Kishan Reddy participated in the Independence Day celebrations of Argentina, highlighting the growing strategic partnership between the two countries. Addressing dignitaries and foreign diplomats at an event in the national capital on Wednesday, Kishan Reddy emphasised Argentina's status as a reliable partner for India, particularly in the domains of critical minerals, economic cooperation, and global security. "India has emerged as the world's fou ...Read More >

New Delhi [India], July 15 (ANI): Indian edible oil refiners are set to see their revenues decline 2-3 per cent on-year to Rs 2.6 lakh crore this fiscal due to lower realisations, even as volumes grow 2.8-3.0 per cent on-year, according to the credit rating agency Crisil Ratings. The firm stated that this comes after a 15 per cent revenue growth witnessed in fiscal 2025. Also Read | Shubhanshu Shukla's International Space Station Experience Extremely Valuable for India's Gaganyaan Human Spacef ...Read More >

Mumbai, Jul 15 (PTI) Edible oil refiners are expected to witness a 2-3 per cent year-on-year decline in revenue to Rs 2.6 lakh crore in FY26 due to lower realisations, a report said on Tuesday. However, volumes are likely to grow 2.8-3.0 per cent year-on-year, Crisil Ratings said in the report. As a result, operating margin is expected to shrink 30-50 basis points to 3.3-3.5 per cent. But stable working capital requirements and lower capital expenditure (capex) will keep credit profiles stable ...Read More >

Kedia Advisory - India's palm oil imports surged to an 11-month high in June, rising over 60% from May to nearly 956,000 metric tons, driven by a price advantage over soyoil and sunflower oil and the need to rebuild depleted stocks. While soyoil imports dipped nearly 10%, sunflower oil imports rose by almost 18%. Domestic vegetable oil stocks increased for the first time in seven months, easing supply concerns. Experts expect palm oil imports to stay above 900,000 tons in July due to continued p ...Read More >

New Delhi: Consumer goods makers Dabur India Ltd, Marico Ltd, and Godrej Consumer Products Ltd are expected to report contrasting demand patterns for their products in the June quarter, with robust sales in edible oils and home and personal care categories offset by a subdued summer for beverages. This divergence is largely attributed to untimely rains and a milder summer, hurting demand for seasonal categories. On Friday, homegrown consumer goods company Dabur India said that the Indian FMCG ...Read More >

Why PM Modi's 9-day, 5-nation trip -- one of his longest visits overseas -- beginning tomorrow matters GHANA, July 2-3 This will be Narendra Modi's first bilateral visit to Ghana, and the first Indian Prime Ministerial visit to the country in three decades. John Mahama, who was elected President in January, visited India in 2015 for the India-Africa Forum Summit. Ghana is one of West Africa's fastest-growing economies; its relationship with India is marked by robust and expanding trade and in ...Read More >
Mumbai: While the Nagpur-Mumbai Samruddhi Expressway is now fully operational, a crucial extension of the Mumbai-Nashik Highway from four to eight lanes over a 23-km stretch between Magathane and Vadpe remains incomplete -- even after more than four years of work. The project, whose revised deadline was Feb 2025, continues to be behind schedule.The widening of this stretch was supposed to be completed before the Samruddhi Expressway was opened, in order to accommodate the anticipated surge in tr ...Read More >

New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and c ...Read More >
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