The Solvent Extractors’ Association (SEA) said that October saw a 60% month-over-month increase in India’s palm oil imports, reaching 845,682 metric tonnes, driven by festive demand and refilled supplies. This increase may put a strain on Malaysian and Indonesian palm oil supplies worldwide. Imports of sunflower oil increased 56.5%, while imports of soy oil decreased…
India’s palm oil imports fell by over 33% in September, reaching a six-month low of 527,314 metric tons. This was primarily due to rising domestic stocks and a rally in Malaysian palm oil prices, which discouraged buyers from importing large volumes. The Solvent Extractors’ Association of India (SEA) reported a decline in overall vegetable oil…
India’s total oilmeal exports increased by 1% in January thanks to a rise in the export of soy meal. According to information gathered by the Solvent Extractors’ Association of India (SEA), India exported 4.77 lakh tonnes (lt) of oilmeals in January 2024 compared to 4.72 lt in the same month the previous year. Nonetheless, overall…
The current oil year (November 2022–October 2023), according to trade group Solvent Extractors Association of India (SEA), is expected to see a record 17 million tonne (MT) of edible oil imports into India. Exports totaled 14 MT last year. As of 2016–17, when the nation imported 15.1 MT of oil, the volume of imported cooking…
Major producers of edible oils, including Adani Wilmar and Emami, have started lowering the cost of their most popular products as a way of passing on the benefits of the decline in prices elsewhere to customers. At a meeting with business organisations last week, the food ministry pushed producers to lower costs. The maximum retail…
Even though shipments into the country climbed by 22% during that time, the palm group of oils remained to dominate the vegetable oil import basket, making up 63% of all imports from November 2022 to March 2023 of the current oil year to October. Data from the Solvent Extractors’ Association of India (SEA) show that…
The Solvent Extractors’ Association (SEA) of India predicts that the production of the rapeseedmustard crop will be around 115.25 lakh tonnes (lt) in 2022-23. In 2021–2022, SEA anticipated that the crop would be 110 lt. On announcing the all-India estimate for the rapeseed-mustard crop in 2022–2023, SEA stated that India is on track to produce…
The Solvent Extractors’ Association (SEA) of India provided data that revealed India exported 37.69 lakh tonnes (lt) of oil meals from April through February of the current fiscal year as opposed to 21.32 lt during the same period of the previous fiscal. According to BV Mehta, Executive Director of SEA of India, the price of…
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…
Castor seed production in the nation is anticipated to rise by 15% to 19.46 lakh tonnes for the 2022–2023 growing season (November 2022–October 2023). At the yards of the agricultural produce marketing committee, the fresh crop has begun to arrive. The castor-growing regions of Gujarat, Rajasthan, Andhra Pradesh, and Telangana were covered in two rounds…
