Edible oil to become costlier by 4-5% on import duty hike [0.02]

Posted on Aug. 12, 2017, 11:40 a.m. by Markets @ [source]

The on Friday announced increase in on both crude and refined edible oil, a demand that the domestic seed crushing and refining industry had been making over the past several months.

But, a marginal increase is unlikely to make a difference for consumers.

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The government on Friday hiked the on to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb and boost for supporting domestic farmers and refiners. At the same time, the government could have raised the duty difference between and refined palmolein to 12.5-15 per cent to support domestic refiners for value addition," SEA Executive Director B V Mehta told PTI.He said the decision would help in restricting cheaper to protect domestic farmers and processors.

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Around 20% of soybean output to remain uncrushed this year [0.06]

Posted on July 15, 2017, 12:59 p.m. by Markets @ [source]

Despite remaining dependent on imports for over 55 per cent of its edible oil demand, India is set to see around a fifth of its output going uncrushed this season, thanks to a sharp fall in prices and cheap oil imports from and Malaysia.

Meanwhile, data compiled by the Solvent Extractors’ Association of India (SEA), showed 15 per cent increase in import of vegetable (edible and non-edible) oil at 1.34 million tonnes in June 2017 compared to 1.17 million tonnes in the corresponding month last year.

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Commodity picks: 3 July, 2017 [0.04]

Posted on July 2, 2017, 6:15 p.m. by Markets @ [source]

Going forward, these are expected to head lower. Prices are expected to touch Rs 4,450–4,500 per quintal from the current level of Rs 4,375 in the coming week.

castor duty edible head hopes import lower oils rains Rs


Hindustan Unilever touches record high on heavy volumes [0.03]

Posted on May 24, 2017, 8:52 a.m. by Markets @ [source]

At around 12:07 pm; a combined 716,561 equity shares exchanged hands on NSE and BSE, the exchange data showed.

In past one-month, the stock outperformed the market by surging 15% as compared to 2.2% gain in the S&P BSE Sensex and 6% rise in S&P BSE index.

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MUMBAI: Mother Dairy 's turnover grew by 9 per cent in the last fiscal to about Rs 7,850 crore helped by better sales in value-added dairy products and edible oils businesses.Mother Dairy, a wholly-owned subsidiary of the National Dairy Development Board (NDDB), had posted a turnover of Rs 7,186 crore in 2015-16. In value-added dairy products and edible oils, our growth was nearly 20 per cent," Mother Dairy Managing Director S Nagarajan told PTI.The company sells value-added dairy products like ice cream, curd, paneer and ghee.However, Nagarajan said the company's sales in fruits and vegetables segment remained muted.About 75-80 per cent of the company's sales come from dairy business, he said.

dairy edible fruits milk mother Rs sales sells The vegetable


MCX commences futures trading in RBD palmolein [0.01]

Posted on April 5, 2017, 1:40 p.m. by Markets @ [source]

Multi Commodity Exchange of India (MCX) on Wednesday commenced futures trading in refined, bleached and deodorised (RBD) palmolein.

The transaction charges on futures contract is Re 1.0 per Rs 1 lakh of turnover.The new futures contract, alongside the existing (CPO) contract, is expected to benefit refiners, importers, and palmolein end users, providing market participants solution to manage refining margins and hedge against unfavourable price movements in the global and palmolein markets, it said.India is one of the world's largest vegetable oil importing countries.

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