VEGETABLE OIL IMPORTS INDIA
From chicken noodle soup to Indian fish curry, space menu gets upgrade as scientists spice up food for astronauts
Professor Suresh Pillai and his team are designing palatable and safe meals for astronauts. Thirty percent of the food sent to the International Space Station is from his lab. Indian astronaut Shubhanshu Shukla will have better food options in space. NASA is upgrading space menus for tourists and deep-space explorers. ISRO is also providing home food options for Shukla.
Quirky vegetable sculpture contest features squash Trump, papal 'Cornclave'
The Lambeth Country Show in London showcased creative vegetable sculptures. Likenesses of Donald Trump, Dolly Parton, and others were on display. A papal-themed sculpture called 'Cornclave' also featured. The show included other attractions like sheep-shearing and music. The vegetable sculpture contest is known for its quirky and witty creations. The event is an urban take on a traditional country fair.
John Abraham and Shilpa Shetty's fitness trainer shares three easy eating habits to delay aging and get youthful skin
Celebrity fitness trainer Vinod Channa advises adopting three eating habits to delay aging and promote youthful vitality. He emphasizes a nutrient-rich diet with proteins, complex carbohydrates, and essential fats, while minimizing processed foods and sugary items. Practicing mindful eating is also crucial, involving slow consumption, attention to body cues, and gratitude for food, ultimately supporting long-term wellness.
Structural cracks appear to complicate qcomm's quick surge in India
India's quick commerce market is expected to grow to Rs 1.5-1.7 lakh crore by 2027, driven largely by existing trade channels. While it creates significant employment, most jobs are gig roles with limited security. Pricing and adoption across categories present ongoing challenges for the sector's future.
China and India lead modest revival in Asia thermal coal imports
Thermal coal imports in Asia show signs of recovery. Lower prices attract major buyers like China and India. China's Australian coal imports rise recently. India's imports increase from Indonesia and Russia. Russian coal becomes competitive. Overall, declining prices may increase demand. Sustained low prices are crucial for continued importer interest. The market watches closely for further developments.
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Opec+ giants pump out additional oil to India
That’s even higher than the 359,000 bpd they had collectively committed to additionally produce under Opec+’s plan to raise output by 409,000 bpd. Saudi Arabia, the biggest contributor to the group's supply increase, delivered the largest incremental volume to India in May, expanding its market share by 3 percentage points over April to 13.1%. The gain was driven by price cuts offered to Asian buyers. Saudi Aramco had cut the May OSP for Arab Light—its flagship grade—by $2.30 per barrel.
Smart development means eco smart
India and Japan are collaborating to enhance maritime cooperation, focusing on sustainable technologies and infrastructure development in the Andaman & Nicobar and Lakshadweep Islands. The initiative aims to transform these regions into 'Smart Islands' with renewable energy, digital infrastructure, and smart mobility.
Centre keeps tabs on Trump tariff concessions to other nations
An American delegation will arrive in India to negotiate a bilateral trade deal amid legal uncertainties over Trump’s tariffs. The US aims to use baseline and suspended tariffs to secure concessions. India seeks to boost imports of shale gas, LNG, and crude oil from the US to diversify and reduce trade imbalance. The deal’s outcome will influence India’s response to tariff hikes.
Veg and non-veg thali costs decline by 6% each on year in May, says Crisil
In May 2025, the cost of both vegetarian and non-vegetarian home-cooked thalis saw a 6% year-on-year decline, primarily due to lower vegetable prices. While vegetarian thali costs remained stable month-on-month, non-vegetarian thalis became cheaper by 2% because of falling broiler prices. However, increased vegetable oil and LPG prices partially offset the overall decrease in thali costs.
Jindal Stainless chairman urges govt to impose appropriate duties on imports from certain countries
Jindal Stainless Chairman Ratan Jindal has urged the government to impose duties on surging imports from countries like China and Vietnam to protect the domestic industry and livelihoods. He highlighted the disruptive impact of excess production from these nations, especially on MSMEs, advocating for policies that favor 'Make in India' and support the stainless steel sector.
India can increase imports of shale gas, LNG, crude from US: Official
India aims to diversify its import basket by increasing purchases of shale gas, LNG, and crude oil from the US, leveraging lower prices. Trade talks are scheduled amidst uncertainties like potential tariff hikes, with India prioritizing a balanced, mutually beneficial agreement. Both nations are targeting to more than double bilateral trade to USD 500 billion by 2030.
Diversify critical mineral supply chain or face disruption, warns IEA
The International Energy Agency (IEA) warned that the global reliance on a few countries, mainly China, for mining and processing critical minerals could disrupt supply and raise prices. IEA chief Fatih Birol urged countries to diversify sources and advised India to incentivise electric vehicles to cut oil imports. He praised India’s shift towards clean energy as a global success story.
India's May palm oil imports jump 87% to six-month high, dealers say
India's palm oil imports soared to a six-month peak in May, driven by depleted inventories and attractive pricing compared to soy and sunflower oils. Refiners ramped up purchases, potentially bolstering Malaysian palm oil prices and U.S. soy oil futures.
Electric cars key to India's energy independence, says IEA chief
IEA Executive Director Fatih Birol advises India to prioritize electric vehicle adoption to enhance energy security and reduce reliance on oil imports, highlighting the global surge in EV sales and their decreasing costs.
Import surge helped drive up GST mopup in May: Nomura
India's GST collection surged by 16.4% in May, driven by a significant increase in GST from imports, reaching a three-year high. Nomura anticipates a moderation in India's GDP growth to 6.2% in FY26. The robust GST collections contrast with softer trends in other high-frequency growth indicators, warranting close monitoring.
India should focus closely on mobility electrification: IEA executive director
IEA Executive Director Fatih Birol advises India to prioritize electric mobility to ensure its energy security and reduce reliance on oil imports. He suggests offering incentives for electric car purchases, noting their increasing affordability and cost-effectiveness compared to gasoline vehicles. Birol also cautions about the risks associated with the growing concentration of critical minerals essential for energy transition and defense.
India should adopt a dual-track approach to protect its agri exports to US: NITI Aayog working paper
A NITI Aayog paper suggests India adopt a dual approach to US agricultural trade. This involves offering tariff concessions on certain US commodities while undertaking structural reforms to enhance the competitiveness of India's farm sector. The paper recommends strategic interventions, including tariff adjustments and non-tariff measures, to protect domestic interests and promote exports.
Relief for households as edible oil prices set to dip after import duty cut
Good news for Indian households. Cooking oil prices are set to decrease. The central government has reduced import duties on crude edible oils. This decision will lead to a 5-6% drop in retail prices within two weeks. Wholesale markets are already showing signs of price softening. Mustard oil prices may also see a reduction.
7 roasted broccoli upgrade ideas to turn it into a flavorful showstopper dish
Roasted broccoli has transformed the once-polarizing vegetable into a kitchen favorite, thanks to its crisp texture and deep, nutty flavor that steaming often lacks. Once you master the basics—oil, salt, and high heat—you can elevate broccoli with creative additions like crispy cheddar, citrus zest, spicy sauces, or toasted nuts. Recipes like sausage meatballs with roasted broccoli, Thai-style vinaigrette, miso-butter glaze, and nut-date toppings showcase its versatility, turning simple sheet-pan dinners into exciting, flavor-packed meals that highlight broccoli’s new star status.
Import duty cut on crude edible oils will protect local processors: Industry bodies
The government has reduced the basic custom duty on crude palm, soyabean, and sunflower oils to 10%, a move lauded by SEA and IVPA. This decision aims to discourage refined oil imports, protect domestic refiners, and increase the duty differential between crude and refined oils to 19.25%.
An import duty hike promised to support Indian farmers. Instead, prices crashed
Oilseed farmers in India are feeling pressure from both sides—crashing domestic prices and increasing dumping. Experts say crushing margins determine oilseed demand; if oil meal exports are not profitable, mills will not process locally produced oilseeds—which is leaving farmers in the lurch.
Govt extends duty-free yellow pea imports till March 2026
India has prolonged the duty-free import period for yellow peas until March 31, 2026, effective immediately. This decision, outlined in a recent government order, grants traders an extended window for duty-free imports. As the world's largest importer of yellow peas, primarily from Canada and Russia, this extension provides significant relief to traders.
Govt slashes import tax on edible oil by 10%
To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30. This decision comes as India relies heavily on imports to meet over 70% of its vegetable oil demand, sourcing palm oil from Southeast Asia and soyoil and sunflower oil from South America, Russia, and Ukraine.
Oil prices to stay around $65/barrel: Hardeep Puri
Oil Minister Hardeep Singh Puri expects oil prices around $65 per barrel. Ample supplies are expected in the market. High spare production capacity is influencing the oil market. The government plans to fill Strategic Petroleum Reserves. Global supplies might increase if sanctions on Iran and Russia are lifted. Iran could become a major supplier again.
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