To maintain a normal supply in the market, the VAT on edible oil at the import stage has been reduced from 10% to 5%. The National Board of Revenue (NBR) issued a notification regarding this on ...

The Indian Vegetable Oil Producers’ Association (IVPA) has welcomed Prime Minister Narendra Modi’s announcement on next-generation GST reforms and urged the Government and GST Council to expeditiously ...

In kitchens across Kenya, the sizzling of frying onions and the rich aroma of simmering stews almost always include one essential ingredient—edible oil. However, most of it is imported, making ...

INDUSTRY THE PAST FEW YEARS, GOVERNOR GAVIN NEWSOM IS CONSIDERING NEW AND SOME MIGHT SAY, SURPRISING ACTION TO KEEP THE COMPANIES OPERATING IN CALIFORNIA. THE STATE FACES THE THREAT OF HIGHER GAS ...

Authorities respond to public outrage after tens of thousands of tons of livestock oil were sold as edible under the OFood brand. A massive food fraud case involving tens of thousands of tons of ...

KARACHI: Palm oil remains a cornerstone of Pakistan’s edible oils and fats sector, supporting food security, industrial development, and nutritional access for millions. Industry experts, in briefing ...

The government has directed the edible oil industry to immediately reduce retail prices. This follows a cut in Customs duty on imported crude palm oil, sunflower oil, and soyabean oil. The industry ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Sri Lanka is grappling with a deepening crisis in the coconut and palm oil industry, triggered by a severe shortage of coconuts and soaring global palm oil prices. A ban on oil palm cultivation as a ...

ConocoPhillips produced solid first-quarter results. The oil company is reducing its 2025 spending plan while maintaining its production growth outlook. It expects to deliver peer-leading free cash ...