IMPORTED EDIBLE OILS
India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceiling
India's retail inflation accelerated to 6.09% in October, largely driven by rising food prices and supply disruptions. Food inflation significantly contributed to overall price increases, affecting household staples like onions and proteins. Economists noted concerns about potential double-digit inflation for various food categories amid global price pressures. The Reserve Bank of India expects average inflation for the financial year to be around 5.2%.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
Diwali 2026 Special Foods: 20+ Traditional Indian Sweets, Savoury Snacks and Regional Delicacies to Enjoy Today
Diwali 2026 is being celebrated today, November 8, with traditional sweets and savoury snacks adding flavour to the festivities. Explore popular Diwali favourites such as kaju katli, besan ladoo, gujiya, jalebi, chakli, namak pare and chivda, along with regional specialities from Maharashtra, Gujarat, North India and South India. Discover the festive foods enjoyed across the country.
Winning at Diwali gifting: Ditch the mithai, bring on the bling
Diwali is celebrated with vibrant decorations, festive gatherings, and traditional rituals in India this year. Businesses are experiencing a significant increase in online sales leading up to the holidays. Families gather to enjoy rich cultural customs and unique gifting practices during this festive season. Various products, ranging from gold coins to luxury home items, are popular during this time.
India's October consumer inflation likely nears top of RBI target on food costs: Reuters poll
India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.
India's palm oil imports hit 14-month high, soyoil purchases set record
In October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, reflecting increased demand. The overall edible oil imports rose by 13%, reaching 1.74 million tons during the festive season. This demand is driven by concerns about limited domestic supplies and El Nino-related crop damage.
Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%
Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
IIT Kharagpur and Absolute launch Smart Scout AI project for soybean farming
Absolute and IIT Kharagpur are developing an early warning system for soybean farmers to minimize crop losses. The Smart Scout project aims to detect lodging risks, assess damage, and estimate yields using artificial intelligence. This initiative is part of the Quad-backed AI-ENGAGE program focusing on agricultural innovations. Pilot trials will be conducted across major soybean-growing states in India over the next three years.
India may import more food, feed and farm commodities as drought hits crops
Amid predictions of drought in India this financial year, food and agricultural imports are anticipated to rise sharply. With serious reductions in kharif soybean and groundnut production, import requests are growing. The sugar and poultry industries are grappling with soaring feed costs, prompting an extension for raw sugar imports to be granted.
The grease hunters of Bengaluru want Leftover fryer oil to fuel India’s Jets
Bengaluru has become a hub for innovative biofuel initiatives as collectors harvest old cooking oil from restaurants for energy production. With India’s substantial reliance on imported crude oil, the drive to tap into domestic energy sources grows stronger. Major oil enterprises are setting lofty targets for integrating sustainable aviation fuel and biodiesel into their operations.
BL Agro heads to Africa with Rs 7,000 crore Tanzania bet; targets edible oil, dairy
BL Agro plans to invest Rs 7000 crore in Tanzania over the next ten years for international expansion. The company will focus on edible oils, dairy, animal husbandry, agriculture, and manufacturing. This investment aims to build an integrated ecosystem, leveraging Tanzania’s agricultural resources with Indian technology.
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
India eyes a $20 billion pot of gold in New Zealand as its trade pact goes live
The free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may enjoy duty-free status, a significant rise in merchandise exports might take time. However, New Zealand's engagement in several service sectors holds potential benefits for Indian companies. The agreement also opens up new job opportunities for Indian students and creates pathways for skilled professionals.
Sweet sellers face heat over shelf life rules ahead of Diwali
Watchdog agencies in states such as Uttar Pradesh and Uttarakhand are among those that have made this mandatory. The directive aims to help consumers assess freshness as inspections have revealed that buyers were not always given clear information about when sweets were made or how long they remained suitable for consumption, the agencies said.
India-New Zealand FTA comes into force, offers zero-duty access for Indian goods, new visa pathways
The India-New Zealand Free Trade Agreement (FTA) came into force on Tuesday, marking India's 17th operational free trade pact and opening up new opportunities for Indian exporters.
FMCG stocks lost their tag of defensive stocks, will they get it back? 7 FMCG stocks with an upside potential of up to 32%
Those who have been following the market for long know this: When there is nervousness on the street, money instinctively moves towards a particular sector. That is the one with companies that sell soaps, biscuits, tea – all the everyday things that people buy whether the news is good or bad. Yes, we are talking about the FMCG sector.
Import of GM soybeans into India should not be allowed at all, say processors
Processors across India are urging the government to impose a ban on the import of genetically modified soybeans from abroad. They argue that such imports could harm local farmers and make the economy overly dependent on foreign sources.
India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEA
India's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in crude sunflower oil shipments, which dropped significantly. However, total edible oil imports increased by 3 percent for the first eleven months of the oil year. Refined oil imports saw a notable decline, while crude edible oil imports rose substantially during the same period.
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