Page 11 - Extractor Association News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India's oilmeals exports declined 36 per cent to 23.73 lakh tonnes in the last fiscal

THE pandemic dealt a double blow of zero earnings for a substantial period followed by costlier cooking oil, and now comes the Ukraine-Russia conflict. For Balkaran Singh, a parantha vendor in Sector 35, Chandigarh, even a Rs5-hike for the platter that he reluctantly went in for falls short of recov

Top vegetable oil buyer India’s palm oil imports rose 22% on the year to 454,794 mt in February but were lower on the month as price-sensitive buyers scaled back purchases amid high international prices, data from the Solvent Extractors’ Association showed March 14. Port stocks as of end-February dipped to their lowest since May 2021 ...

The ongoing conflict between Russia and Ukraine may compel India to look for alternative countries for edible oil imports, according to Solvent Extractors' Association, SEA, executive director BV Mehta. India imports over 2.5 million tonnes of sunflower oil every year, of which 70 percent comes from Ukraine, 20 percent from Russia, and the remaining 10 percent from Argentina.

With imports of sunflower oil getting affected due to the conflict between Ukraine and Russia, industry body SEA on Saturday said it is weighing options to source cooking oils from other countries to maintain domestic supply and keep retail prices under check. Industry players expect prices of cooking oils to remain stable as the supply of domestic mustard oil will improve