New Delhi [India], October 14 (ANI): There is an urgent need to allow exchange trading in palm oil and soybean oil as an absence of futures trading, which facilitates hedging, has led to "heavy financial loss" for importers of these commodities during the past three-to-four months, according to the edible oil industry body The Solvent Extractors' Association of India.
New Delhi [India], September 13 (ANI): Domestic edible oil industry body Solvent Extractors' Association of India requested financial market regulator SEBI to resume futures trading of internationally traded commodities such as crude soybean oil and crude palm oil.
New Delhi [India], August 3 (ANI): The Food Safety and Standards Authority of India (FSSAI) has launched a nationwide campaign to check adulteration in edible oils, the presence of trans-fatty acids in hydrogenated oils and to crack down on the sale of loose edible oil across the country.
New Delhi [India], July 24 (ANI): Edible oil manufacturers, packers, and importers have been asked to pack the commodity without mentioning the temperature at which it was packed and advised them to ensure that the quantity declared on the package in volume or mass is correct.
New Delhi [India], June 23 (ANI): The government should use minimum support price (MSP) as a tool for both encouraging crops which are in short supply like oilseeds and pulses, and disincentivise crops such as wheat and rice which are in abundance, said edible oil industry body The Solvent Extractors' Association of India.