Edible Oil News in English
-
112India’s Vegetable Oil Imports Surge Amid Price Correction and Duty Hike Speculation
India’s palm and soybean oil imports surged to their highest levels in a year in July, driven by price corrections and speculation...
-
79Adani Wilmar shares bounce 10%; hit upper circuit limit
Shares of Adani Wilmar soared 10% to hit the upper circuit limit on Friday following Adani Enterprises' announcement to demerge its food-FMCG...
-
132Palm oil falls for second session as firmer ringgit weighs
Malaysian palm oil futures fell 0.82% to 3,876 ringgit ($852.24) per metric ton on August 1, marking the second consecutive session of...
-
118Govt to monitor prices of 16 more commodities
The Department of Consumer Affairs will expand its price monitoring to include 16 additional commodities such as brinjal, eggs, bananas, and spices....
-
82NAIROBI, Kenya Aug 1 – Manufacturers of vegetable oil have written to the National Treasury in a bid to have the new rate of duty on crude palm oil of 10 percent removed.
The Edible Oil Manufacturers of Kenya are protesting a new 10% import duty on crude palm oil, which has increased the cost...
-
122Palm oil gains after two-day slide, but set for weekly loss
Malaysian palm oil futures rose slightly on Friday but are set for their second consecutive weekly decline due to a stronger ringgit....
-
122Adani to shift flagship’s food business to Wilmar JV
Adani Enterprises will transfer its food business to Adani Wilmar, issuing shares of Adani Wilmar to its shareholders as compensation. This move...
-
100SIAT Group Consolidates Edible Oil Subsidiaries In Nigeria, Ghana Under Presco Plc
SIAT Group has restructured its edible oil operations in West Africa by consolidating Ghana Oil Palm Development Ltd (GOPDC) and its Nigerian...
-
87Edible oil processors petition Treasury over import duty tax
Kenyan vegetable oil manufacturers have petitioned the Treasury to remove a newly imposed 10% import duty on crude palm oil, effective July...
