VEGETABLE OIL IMPORTS INDIA
Patanjali gets 1.5 mn palm oil seeds from Malaysian state agency under 5-year deal
Sawit Kinabalu Group, a Malaysian state agency, has supplied 1.5 million palm oil seeds to India's Patanjali Group under a five-year contract aimed at supporting India's domestic palm oil cultivation efforts. This deal marks the first time a Malaysian state agency has engaged in supplying palm oil seeds, aligning with India's goal to reduce import dependence.
Iran-Israel tensions rise: India explores alternative oil sources
Amidst escalating Iran-Israel tensions, Indian refiners are exploring alternative fuel sources, particularly in West Africa, to mitigate potential supply disruptions from a possible Strait of Hormuz blockade. Officials are analyzing scenarios and preparing responses to potential price spikes, considering that a closure could jeopardize a significant portion of India's crude and LNG imports.
As EU's green trade rules kick in, India works policy shifts
India is preparing for significant rulebook shifts across ministries to align with the EU's stricter 'green' regulations impacting trade. These regulations, set to take effect within a year, cover packaging, antibiotic use in livestock, deforestation-free products, and waste shipment. The changes necessitate comprehensive overhauls in various sectors to ensure continued trade with the EU.
India close to hitting Guyana-type 2 lakh crore liter oil jackpot in Andaman that may make us $20 trillion economy, says Hardeep Puri
Andaman crude oil reserve: India's energy sector anticipates a potential game-changer as exploration in the Andaman Sea hints at an oil field mirroring Guyana's massive discovery. Policy reforms, deep-water drilling advancements, and increased private sector engagement are converging to unlock previously inaccessible reserves. This could significantly reduce India's reliance on oil imports and propel economic growth.
India reviewing global oil supply situation on a daily basis, says Union Minister Hardeep Singh Puri
Amidst the Israel-Iran conflict, India is closely monitoring global oil supplies daily, assuring sufficient crude oil reserves. Oil prices experienced significant volatility, surging initially before fluctuating due to concerns of a wider regional conflict disrupting Middle East oil exports, particularly through the Strait of Hormuz. These events pose challenges for India, impacting inflation and trade balances.
Rising Israel-Iran conflict, India faces growing threats to its energy security, trade routes, and commercial ties: GTRI
Amid the Israel-Iran conflict, GTRI advises India to review energy risks. Diversifying crude sources and boosting strategic oil reserves are crucial. Stronger naval presence in the Arabian Sea is needed. India should promote peace via G20 and UN. Conflict threatens India's energy security and trade. Strait of Hormuz disruption could raise oil prices.
Govt must urgently review energy risk scenarios due to Iran-Israel war: GTRI
Amidst the escalating Israel-Iran conflict, a think tank urges the Indian government to urgently assess energy risks and diversify crude oil sources. The tensions threaten India's trade routes and commercial interests, particularly through the Strait of Hormuz and the Red Sea. Disruptions could inflate oil prices, increase shipping costs, and impact Indian exports.
Crude jitters, not crisis: Oil firms eye margin hit, but rule out supply shock amid Israel-Iran tensions
Following the Israel-Iran conflict and a sharp rise in oil prices, Indian oil companies anticipate reduced profit margins. Despite concerns, India asserts it has sufficient energy reserves and diversified import options, minimizing supply disruption fears. While direct Iranian oil imports aren't a factor, potential Hormuz Strait disruptions by Iran-backed rebels raise insurance costs and threaten vessel routes.
Is your breakfast the key to a long life? Here's what the world’s longest-living people eat to start their day right
Forget protein bars and cereals—residents of Blue Zones thrive on breakfasts rich in beans, rice, and vegetables. Longevity researcher Dan Buettner says front-loading your day with such meals and embracing mindful living, movement, and social connection are what truly slow aging. For those chasing youth, the real solution might just be a bowl of minestrone stew.
Strait of Hormuz: The world's most important oil artery
Israel has launched extensive strikes against Iran, targeting nuclear facilities and military assets to prevent Tehran from developing atomic weapons. In response, Iran has threatened to close the Strait of Hormuz, a critical waterway for global oil supply. The strait's potential closure could significantly impact trade and drive up global oil prices, raising concerns about economic stability.
What will drive CPI lower in FY26? Rahul Bajoria explains
BofA's Rahul Bajoria anticipates India's headline inflation around 3%, with core inflation exceeding it at 4.2%. Improved supply and stable perishable prices are curbing food inflation, offering the RBI policy flexibility and boosting consumer spending. Bajoria expects the RBI's FY26 inflation target to be 3.7%, aligning with their forecast. While monitoring monsoon impacts, they foresee controlled food inflation.
India's May palm oil imports surge 84% m/m to hit six-month high
India's palm oil imports surged to a six-month peak in May, driven by attractive pricing compared to soyoil and sunflower oil, alongside dwindling inventories. This surge propelled overall vegetable oil imports to 1.19 million tons, the highest since December. Anticipated increased palm oil imports in June, potentially reaching 850,000 tons, are expected due to the continued price advantage.
Govt asks edible oil industry to pass on duty cut benefits to consumers
The food ministry has directed edible oil industry associations to immediately pass on import duty reductions to consumers, following a government decision to halve customs duties on crude oils. This action comes in response to soaring food inflation, with the aim of lowering retail prices.
Govt slashes Basic Custom duty on major imported crude edible oils from 20% to 10%
The government has reduced the Basic Customs Duty on crude sunflower, soybean, and palm oils from 20% to 10%, increasing the duty gap with refined oils to 19.25%. This move aims to lower edible oil prices, encourage domestic refining, and ease inflation. Industry has been urged to pass on the benefits to consumers.
India, China set to drive palm oil market with aggressive buying, industry expert says
Palm oil demand from India and China is anticipated to rise in the coming months, driven by recent price corrections that present attractive buying opportunities. Indian buyers are returning to the market with purchases for June to August, while Chinese importers are actively stocking up due to relatively low inventory levels.
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.
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.
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.
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%.
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