Oil production

Oil production in India

• Oilmeals Export Records a 25.74% Rise in August

  11.55 lt of rapeseed meal were exported in the first five months of 2023-24 against 10.77 lt in April to August 2022-23.…

• Mega Oil Plantation Drive in Northeast: Industry Experts Come Together to Kickstart Initiative

  Roundtable in Guwahati discussed oil palm cultivation's importance for the Northeast under the NMEO-OP initiative, aiming to increase local production, reduce imports, and uplift small farmers. Urged states to accelerate infrastructure and land allotment.…

• Indian Oil Companies Profit from Drop in Oil Prices, But No Relief for Consumers in Sight

  According to a recent statement by the Petroleum Ministry to Parliament, the three major oil marketing companies in India, namely Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL), have suffered losses amounting to Rs. 18,622 crores from April to December 2022.…

• Side Effects of Olive Oil

  When used in large quantities or applied improperly, olive oil can have certain negative effects. Let’s see what are the side effects of applying and consuming too much olive oil.…

• India to Witness Record Rapeseed Production in 2023 as Higher Prices Encourage Farmers to Plant More

  Increased rapeseed production could assist India, the world's largest importer of vegetable oils, in reducing costly overseas purchases of cooking oils, which cost the country a record $18.9 billion last year.…

• Govt Reduces Windfall Tax on Crude Oil, Levy on Export of Diesel

  According to a formal notification, the central government has decreased the windfall tax on crude oil from Rs 11,000 per tonne to Rs 9,500. According to a government notification, the change took effect on November 2.…

• New Oil Palm Hybrid Promises to Produce More in 24 Months

  CALIX Q6, the first genetically tested seed produced in Malaysia's oil palm market Sime Darby, is one of the company's new releases. It not only provides yields in 24 months after planting, but it also lowers maintenance costs and increases yields. It also helps the…

• Kerala is Planning on Doubling its Palm Oil Production in the Next Five Years

  According to a senior officer at PCK, which has an oil palm plantation on 705 ha of its land in Kalady, the company plans to expand its oil palm plantation by another 60 ha in 2023.…

• Castor Seed Turns Range Bound – Advice for Farmers & Traders

  Higher prices of castor seed have curbed demand from the local traders and oil millers, so there are expectations of further price correction in the near term. Castor Seed has been trading between 7000 and 7300 levels for the last few weeks. The demand-supply balance…

• Top 3 Organic Castor Oils To Use for Healthy Hair and Skin, Benefits Backed By Science

  Castor oil is said to provide a number of benefits, including strengthening hair locks, encouraging hair growth, and hydrating dry scalp. Read to know which castor oil products to use along with their benefits.…

• Centre Asks Telangana to Promote Production of Fortified Rice & Ricebran Oil

  The Union government has asked Telangana to promote establishment of ricebran oil industry to tide over the crisis, as the recent controversy over parboiled rice procurement is set to trigger a political storm in the State.The Union Ministry of Consumer Affairs and Food has asked…

• Dropping Prices of Crude Oil with Second Wave of COVID-19

  Head of Commodity Research at National Australia Bank said, “You’ve seen refiners there (in India) scale back runs because demand has decreased with the lockdowns. That’s clearly weighing on the market and sentiment.”…

• India Plans to cut Vegetable Oil Imports and Increase Oilseed Production; WTO Concerned

  India plans to increase its oilseed production and decrease vegetable oil imports. This has concerned WTO members.…

• India Likely to Launch Plans to Increase the Production of Oil Seeds & Cut Imports of Vegetable Oil in Budget 2021

  India is expected to announce a five-year initiative in next week's federal budget to slash costly vegetable oil imports worth $10 billion a year by providing farmers with financial incentives to turn to grain oilseeds, three senior government officials said.…

• What is the Reason for Rising Edible Oil Prices in India?

  Rising edible oil prices have become a cause of concern for the government as the average prices of all edible oils like groundnut, mustard, vanaspati, soybean, sunflower and palm have increased, with the spike in the case of palm, soybean and sunflower oils by up…

• 7 Tips By FSSAI to Reduce Oil Consumption in Day-To-Day Life

  Food Safety and Standards Authority of India (FSSAI) has shared some easy seven tips to reduce oil consumption that you can follow in your day-to-day life.…

• Palm Oil: Bird’s Eye View of Malaysian Palm Oil Markets

  Crude palm oil prices had climbed to an eight-year high last week, amid concerns of labor shortage in Malaysia to lower output at a time when dry weather has started threatening soybean crops in South America. Steady export demand was another major factor attributing to…

• Russian Oil Spill to Affect Sea Life in Arctic

  Russia declared a state of emergency following a fuel leak from a power plant in its arctic region. The leak caused 20,00 tones of diesel oil to escape into a river near Norilsk and turned its surface crimson red.…

• Malaysian Palm Oil Markets Expected to Remain Firm in June

  Malaysian palm oil prices after establishing yearly lows during first quarter of 2020 have resumed the upward trend in last few weeks and continue moving with a positive bias. As more and more countries have started easing lockdowns, there are signs of import demand improving…

• Golden Opportunity for India in Domestic Edible Oil Production as pact with Malaysia Ends

  The Malaysia India Comprehensive Economic Cooperation Agreement (MICECA) that was signed on 18 February 2011 and came into force on 1 July 2011 is a comprehensive agreement that covers trade in goods, trade in services, investments, and movement of natural persons. Under the treaty, edible…