India halved the basic import tax on crude edible oils to 10% on Friday, the government said, as the world's biggest vegetable oil importer tries to bring down food prices and help the local refining ...

The basic import tax or import duty on crude palm oil, crude soyabean oil and crude sunflower oil have been cut by 50 per ...

To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30.

Increasing the production of palm oil is crucial for reducing India’s dependence on the imports of edible oils. This paper explores the complex challenges surrounding the provision of a suitable ...

This decline is due to palm oil's higher price compared to soyoil. Consequently, soyoil purchases increased. Overall edible oil imports also decreased. However, palm oil is now cheaper than soyoil.

“Domestically, the availability of mustard oil is ample during the ongoing peak production season, further supplementing edible oil supply,” it added. On sugar, the Ministry said the ongoing ...

While overall inflation is easing, high edible oil prices are keeping the basket of staples expensive, resulting in higher value growth. But higher unit growth compared to volume growth suggests ...

Energy flows intelligence firm Kpler forecasts that US crude oil supply growth will slow for the rest of 2025 and into 2026, and peak as early as this year. Kpler attributes this revised forecast ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil. By Rebecca F. Elliott Oil prices resumed their slide after the OPEC Plus cartel of ...

Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in ...

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...

Adding new meaning to the term "fusion cuisine," an international team of adventurous researchers has united robot science and gastronomy to create an elaborate multi-tiered cake with edible ...