India’s Solvent Extractors’ Association (SEA) has asked the Center to intervene quickly to stop the decline in mustard prices below the MSP (minimum support price). Ajay Jhunjhunwala, the president of SEA, claimed in a letter to the Centre that mustard prices have fallen below the MSP of $5,450 per quintal. A further decrease in costs…
The Government of India has been requested to impose a standard import charge on all crude edible oils the Solvent Extractors’ Association (SEA) of India. Ajay Jhunjhunwala, president of SEA, stated in a monthly letter to association members on Friday that the association sent a representation to the government in its pre-budget memorandum covering numerous…
The first month of the oil year 2022–2023 saw an increase in imports of 34.24 percent (November to October). Data from India’s Solvent Extractors’ Association show that edible oil imports rose to 15.28 lt in November 2022–23 from 11.38 lakh tonnes (lt) in November 2021–22. (SEA). India imported 9.31 lt of CPO in November, up…
The cost of importing edible oil into the nation increased by 118 percent from the 2019–20 oil season to the 2021–22 oil season (November–October). According to information provided by the Solvent Extractors’ Association of India (SEA), the value of imported edible oil increased by 34% from the season of 2020–21 to 2021–22, reaching $1.56 lakh…
Changes in duty structures made by both Indonesia and India this week should provide a boost to demand in Palmyra, and have arrived “at the right moment,” easing concerns about oversupply in the second half of the year, according to market participants. The Indonesian government has announced a reduction in the ceiling rate on its…
