Edible Oil Archives - Page 2 of 167

Malaysia Govt Moves To Relieve Tax Burden On Palm Kernel Raw Materials

Malaysia’s commodities ministry has requested SST exemptions for crude palm kernel oil and palm kernel olein oil, arguing they are raw materials,...

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Edible Oil News in English

Edible Oil Sector Seeks Relief As Govt Considers Removing GST ITC Restrictions

India’s food ministry has asked the finance ministry to lift GST refund restrictions on vegetable oil, hoping the GST Council will address...

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Edible Oil News in English

USDA lowers Indonesia’s 2024/25 palm oil export estimate due to B40 mandate and reduced export demand

The USDA cut Indonesia’s 2024/25 palm oil export forecast to 22.8M tonnes due to weaker demand and the B40 biodiesel mandate. Production...

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Edible Oil News in English

Palm oil sells at Tk30 above revised retail rate as wholesale prices surge

Despite a Tk19 per litre price cut for loose palm oil, prices in Bangladesh have risen instead of falling. Retail rates hit...

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Edible Oil News in English

IVPA welcomes PM’s announcement on GST reforms, urges resolution of inverted duty refund issue

The Indian Vegetable Oil Producers’ Association urged restoring GST Input Tax Credit refunds blocked since July 2022, citing MSME cash flow strain,...

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Edible Oil News in English

India buys rapeseed oil for first time in five years

India imported rapeseed oil for the first time in almost five years as high domestic prices made overseas purchases profitable. About 6,000...

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Edible Oil News in English

Myanmar : CBM injects foreign currencies into import sector

The Central Bank of Myanmar (CBM) continues large-scale foreign currency sales to stabilize its market and curb kyat devaluation. Between 14–21 August...