India’s palm oil imports are set to rebound in March and April to meet rising demand from hotels and restaurants, as lower shipments last month have depleted stocks, according to industry participants. Higher imports by India, the world’s biggest buyer of the edible oil, is likely to support benchmark Malaysian palm oil prices that hit .
Synopsis
Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year.
PTI
Retail onion prices are ruling in the range of Rs 30 to Rs 70 per kg at different markets in the country.
Wholesale onion prices this month are ruling 25% to 30% higher than in January. Prices of pulses and wholesale edible oil, too, have increased helped by government measures to boost farmers’ income such as import restrictions and procurement at minimum support prices.
Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year.
Edible oil sector seeks revision of weightage in WPI
February 22, 2021
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With the change in the consumption pattern of edible oils over the years, stakeholders are seeking revision of weightage for edible oil in WPI (wholesale price index).
According to Solvent Extractors’ Association (SEA) of India, the current per capita consumption of edible oil is estimated between 16.5 and 17.5 kg per annum. According to it,
Gujarat and Maharashtra have a higher level of per capita consumption compared to developing States. Similarly, people from rich and upper middle class consume much larger quantum of oils and fats when compared to poorer sections of society.
Castor output for 2020-21 seen a tad down at 19 lt
February 19, 2021
Higher yield projected to compensate for drop in acreage India’s castor seed crop is expected to be marginally lower at 19.02 lakh tonnes (lt) for the year 2020-21 against 19.52 lt recorded in the previous year, a crop survey presented today informed.
Agri research agency Agriwatch, which conducted the crop survey, has projected a 15 per cent drop in the overall acreage but hopes that the fall in the cultivation area will be offset by the 14.8 per cent higher yield, to peg the overall crop size near last-year’s numbers.
All-India sowing is projected at 8,26,120 ha (9,73,190 ha). The yield, according to Agriwatch, will be higher at 2,303 kg/ha against last year’s 2,006 kg/ha. “The monsoon in the castor growing regions was more than normal which created better prospects for a higher yield,” said Santosh Jhanwar, Vice-President-Consulting, Indian Agribusiness Systems Limited.