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Benchmark price on anvil for palm oil, jatropha
The government has decided to come up with a formal indicative benchmark price for palm oil and jatropha, in order to curb the rising import bill on account of edible oil. For this, the Commission for Agricultural Cost and Prices (CACP) has already initiated the exercise. “Even if we import for our domestic consumption, there has to be an idea of what is the approximate domestic price vis-a-vis

Another Yellow Revolution
Surging demand for edible oil has not induced a supply response. Govt has forgotten the lessons of the 1980s.

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Low winter rains pull down acreage of most rabi crops
As the sowing of rabi crops enters its last leg this year, the area under most crops, barring wheat, has been less than in 2010 largely because of poor early winter rains.

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Supply of oilseeds, pulses to fall short

Supply of pulses and edible oil in India will fall short of the projected demand by the end of the 12th Five-Year Plan period in 2016-2017, while that of sugar and cereals will be more than the

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Edible oil prices likely to rise 10%
Country imports 45% of its total consumption; depreciating rupee likely to increase cost of imports.

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SOMA admits to mixing in edible oil by millers
Alleges that trade bodies like SEA, IOPEPC give unrealistic crop estimates.

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