EDIBLE OIL IMPORTS INDIA
India expands Russian marine insurance options
India has increased the number of Russian insurers authorized to provide marine cover for ships docking at its ports. This move allows more Russian companies to offer protection and indemnity coverage. The expanded list includes several Russian firms with registrations valid until 2026, 2027, 2029, and 2030.
Financial resilience must include India’s credit-invisible workforce
India's strong digital finance infrastructure faces a challenge. Many informal workers lack financial resilience due to volatile incomes and limited savings. Global disruptions increase their budget stress.
US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
US move on Russian oil waiver adds pressure as Iran war strains energy markets, India engaged in talks: Sources
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India's oil imports from Russia have significantly increased, making it a key market for Moscow.
Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms
Reliance Industries has rejected two Iranian oil cargoes. This comes just before a U.S. waiver on Iranian oil exports expires. Washington will not renew these waivers. India had allowed Reliance to buy Iranian oil on several sanctioned tankers. Reliance stated the Derya tanker cargo did not meet compliance requirements. Indian Oil Corp recently bought Iranian crude.
India's crude imports down 21%; Russia tops, Iran gains
Iran supplied about 4 million barrels in April, or 7% of total imports, resuming shipments to India after seven years. However, a US naval blockade of Iranian ports, currently underway, could constrain further supplies this month.
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How El Nino-driven weaker monsoon rains could impact India
The monsoon outlook for India in 2026 paints a worrying picture, with an anticipated El Niño likely to disrupt normal rainfall patterns. This scenario threatens to diminish crop production and necessitate greater imports of essential commodities, such as edible oils. Moreover, diminished rainfall could strain the power sector, necessitating governmental response.
India's trade gap may widen in FY27 amid global and oil risks: Report
India's trade deficit narrowed in March, but this improvement may not last. Experts warn of a widening deficit in the coming months. Factors like external shocks, slowing global demand, and import pressures are expected to impact trade. Exports face challenges due to weak global demand. The current account deficit is projected to widen.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedom
The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a move that could tighten global supplies and pressure Indian refiners. US Treasury Secretary Scott Bessent confirmed the decision, saying the temporary licenses for Russian and Iranian crude would not be renewed.
Russian LNG under US sanctions heads for the first time to India
A Russian liquefied natural gas cargo, currently under United States sanctions, is en route to India. This shipment, if it reaches its destination, would mark the first such delivery to India since former US President Donald Trump stated India would cease buying Russian energy. India has not confirmed this pledge.
Modi pitches 10% cut in edible oil use, pushes natural farming and millets
Narendra Modi urged a 10% cut in cooking oil consumption to tackle obesity, while promoting yoga, healthy eating and natural farming, as he highlighted preventive healthcare, expanded Ayushman Bharat coverage for the elderly, and called for sustainable, self-reliant lifestyles.
Iranian oil arrives in India just ahead of US waiver expiry
India has received Iranian oil shipments. This marks the first imports in seven years. The nation is securing volumes before a US grace period ends. Tankers are discharging crude on India's east and west coasts. This move aims to manage global energy flow disruptions. India is leveraging waivers for previously restricted oil.
Crude unlikely to return to pre-war levels soon; India's import bill may rise $70bn annually: Report
India's oil import bill is set to surge by over $70 billion annually as crude oil prices remain high due to the West Asia conflict. Shipping routes are critical and remain uncertain. Refineries are damaged, and rebuilding will take time. Freight and insurance costs have also increased. India will diversify import sources.
Aatmanirbhar 2.0 in works to cushion India against supply chain, energy pain
India had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce dependence on imports as part of the Aatmanirbhar initiative.
India's Russian oil imports more than triple to 5.3 billion euro in March
India’s crude oil imports from Russia surged in March, with purchases tripling to €5.3 billion as volumes doubled and prices rose, according to Centre for Research on Energy and Clean Air. The spike followed a US sanctions waiver, prompting state refiners to resume buying. Russia remained India’s top supplier, while China led overall purchases. Asian markets continued to dominate Russian oil exports.
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warns
Ukraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with the International Energy Agency warning of potential disruptions to refining operations. With about 80% of India’s Russian imports routed through these hubs, any prolonged outage could tighten feedstock availability, even as reliance on discounted Russian crude has surged and alternative supplies remain limited.
India gets first Iranian oil in 7 years, ship tracking data shows
Indian ports have received two large crude carriers loaded with Iranian oil. This marks the first purchase from Iran in seven years, enabled by a temporary US waiver. The waiver expires soon. Indian Oil Corp and Reliance Industries are among the refiners taking advantage of this opportunity.
Edible oil imports in March rise 12% to 11.73 lakh tonne: SEA
India's edible oil imports saw a 12 percent jump in March. This increase was driven by more crude palm oil shipments. However, future imports may decrease. Global prices are high. Freight costs are also elevated. This situation impacts India's edible oil supply. The Solvent Extractors' Association of India provided this data.
India's March palm oil imports fall 19% to three-month low
India’s palm oil imports fell nearly 19% month-on-month in March to a three-month low of 689,462 tonnes, as higher global prices prompted refiners to delay purchases, according to the Solvent Extractors' Association of India.
Advisory to states on crop bonus policy to encourage greater crop diversification: FinMin
In a statement, the finance ministry said the January 9, 2026, letter from the Department of Expenditure Secretary, Ministry of Finance, to chief secretaries of states was an advisory and not a directive, to align their bonus policy to promote pulses, oilseeds, and millets.
Gas sale at 40% discount: Why is Russia selling LNG at deep discounts and how it may provide a sigh of relief for India?
Russia is attempting to sell natural gas from its sanctioned facilities to South Asian nations. These offers come at a significant discount through intermediary firms. Sellers are reportedly willing to provide documentation to disguise the origin of the gas. This comes as global gas supplies face disruptions, forcing countries like Bangladesh and India to seek alternative, more expensive sources.
Israel-Iran war: India rapeseed sales shift to private traders as war lifts edible oil prices
Indian farmers are selling rapeseed to private traders. Market prices are higher than government rates. This is due to a rally in edible oil prices linked to the Iran war. Higher rapeseed oil supplies are limiting edible oil imports. This trend is easing reliance on costly palm oil, soy oil, and sunflower oil imports.
West Asia conflict deals a double whammy to India’s farm sector: pre-harvest cost pressures, post-harvest shipping delays
Supply shocks, export disruptions, and labour shortages caused by the Iran war are beginning to strain India’s agriculture despite ample foodgrain stocks.
Price hikes on the horizon: Expect a hit on your budget as Iran war's impact becomes clear
Indian consumer firms are seeing rising costs from higher crude oil prices. This could lead to price increases soon. Companies are trying to manage these pressures. A below-normal monsoon also poses a risk to rural demand. The West Asia conflict has added to economic uncertainty. Consumers may face higher prices as companies adjust.
Government rules out sugar export curbs and maintains duties on edible oils
India will not reduce sugar exports. Production is lower than anticipated, but domestic consumption has also decreased. This situation offsets the reduced output. The government has no plans to cut import duties on edible oils. Sugar exports are expected to continue. Domestic consumption is projected to decline further.
India’s sugar and edible oil demand dips as restaurant gas shortages bite
India's restaurants face a severe cooking gas shortage. This is forcing many to reduce operations during peak summer and wedding seasons. Consequently, consumption of sugar and edible oils is falling. This situation could lead to lower imports of key commodities like palm oil, soyoil, and sunflower oil.
Edible oils, industry essentials drive growth outlook; FMCG recovery gradual, says report
A Nuvama report said the edible oils and agri-linked consumer staples sector outlook remains positive, driven by strong volume growth and improving demand across industrial segments. “Overall volumes to grow ~13% YoY led by strong growth in Edible Oils and Industry Essentials segments,” the report said, with edible oils such as soybean, mustard, rice bran and palm oil leading the upcycle.
Refined sunflower oil volumes may fall 10% this fiscal on Middle East disruption: Report
Refined sunflower oil sales in India are projected to drop by 10 percent this fiscal year. This decline stems from Middle East conflict-related supply chain issues and increasing prices. Consumers are expected to shift to cheaper alternatives like rice bran and soybean oils. Despite lower sales volume, revenues are anticipated to remain stable.
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