Oilseeds & Edible oil

The United States already accounts for more than a quarter of CBO’s olive oil sales, underscoring its strategic importance.

The proposed 10% hike would apply across refined and crude edible oil categories, potentially narrowing the price gap between imported and domestically produced oils.

The move aims to stimulate Zimbabwe’s agricultural value chain by guaranteeing local farmers an assured market for their grains and oilseeds.

India’s total edible oil imports increased by 3.6% in August compared to the previous month, reaching around 1.6 million tons, the highest volume in over a year.

Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.