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Indonesia ban: Big grocery shock looms as food giants face cooking oil risk

Indonesia ban: Big grocery shock looms as food giants face cooking oil risk : Rashtra News #Indonesia #ban #Big #grocery #shock #looms #food #giants #face #cooking #oil #risk Indonesia’s shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever

Consumption down, but Vanaspati weightage in WPI still high

The share of vanaspati in the basket of different types of cooking oils consumed by Indians has nearly halved in the past decade to 2.88%. However, it still holds the second-highest weightage of 14.35% in the wholesale price index (WPI) after palm oil, whereas sunflower and soybean oils, which are now consumed more, get a lower weightage in the WPI of 2011-12, an anomaly which may lead to erroneous data about inflation.

Shree Renuka Sugars: Sugar production for FY24 has been much higher than initially anticipated : Atul Chaturvedi, Shree Renuka Sugars

I do not think this current diversion possibility will have any effect whatsoever on the sugar production and sugar values in the country. But having said that, once the summer hits in, the sugar consumption generally goes up and we could probably see a rise of about a rupee or somewhere around that per kilo, so that I would not say is anything which is game-changing.

Sugar Production in country likely to be above 32 0 million tons, says Atul Chaturvedi chairman Renuka Sugar

Sugar Production in country likely to be above 32 0 million tons, says Atul Chaturvedi chairman Renuka Sugar
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Reliance Industries: RIL surges over 4% as Goldman raises target

Reliance Industries is currently the largest company in India by market capitalisation, which is a little over ₹20 lakh crore.

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