(Updates to add graphic)By Rajendra Jadhav and Mayank BhardwajMUMBAI/NEW DELHI, June 3 (Reuters) - India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month, two government and two industry officials told Reuters, to reduce food costs in the world's biggest vegetable oil importer.While no decision has been made, the tax
June 02, 2021
The South-West monsoon is crucial for agricultural production in the country since the Kharif season output depends on it
The South-West monsoon is crucial for agricultural production in the country since the Kharif season output depends on it×
Pandemic spread in rural areas, shortage of labour, seeds quality are major issues
While the India Meteorological Department (IMD) has forecast a normal monsoon this year, the ongoing lockdowns in various States have left the farming community worried.
In particular, the spread of the pandemic in rural areas is causing concern, but whether it will impact Kharif sowing will be known as the season, which began on Tuesday, evolves over the next few weeks.
India’s palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin. More than 90,000 mt of Thai palm oil arrived in India by May 21, a market source told S&P .
Edible oil prices in India are expected to fall if China reduces imports of palm oil, as it has indicated. Prices of edible oils have gone up 40-50% in the past eight months, pinching the pockets of consumers amid the Covid-19-induced economic slowdown.
Edible oil prices in India expected to fall
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Edible oil prices in India are expected to fall if China reduces imports of palm oil, as it has indicated. Prices of edible oils have gone up 40-50% in the past eight months, pinching the pockets of consumers amid the Covid-19-induced economic slowdown.
Agencies
Edible oil prices in India are expected to fall if China reduces imports of palm oil, as it has indicated. Prices of edible oils have gone up 40-50% in the past eight months, pinching the pockets of consumers amid the Covid-19-induced economic slowdown.