Edible Oil

CEO Shrikant Kanhere expects double-digit growth in foods even as edible oils stay in mid-single digits, with margins expected to get a lift from premiumization and quick commerce.

India's annual edible oil demand is around 26 million tonnes, with domestic production meeting only up to 40% of this.

India's largest domestic institutional investor increased its stake in 54 listed companies and trimmed its stakes in another 64 during the quarter, a Mint analysis showed.

The customs duty cut from 20% to 10% on crude edible oils like palm, soybean, and sunflower is expected to lower wholesale prices by about ₹10 per litre.

On 31 May, the government announced basic customs duty cuts on crude soybean, palm and sunflower oil from 20% to 10%. The effective import duty on these three products has fallen to 16.5% from 27.5%.

India relies heavily on edible oil imports, which meets 57% of its demand.

Random sizes such as 800 gm, 810 gm and 850 gm are being sold in the market as 1 kg packs, allowing sellers to charge full 1 kg prices for lower quantities.

The Centre is taking a host of steps to increase self-sufficiency. In October 2024, the Union cabinet approved the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), to boost domestic oilseed production and achieving self-reliance

Did you know that a little bit of those samosas you love so much was probably made in Indonesia or Malaysia? In the age of Make in India, the country is still heavily dependent on edible oil imports. Here’s a look at how those imports are affecting your household budget and the economy.