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The Print
24-07-2025
- Business
- The Print
Govt to notify new vegetable oil regulation order next week: Food secretary
'The associations have been consulted. It's in the final stages now, probably by next week it will be notified,' Chopra told reporters on the sidelines of the fourth edition of Indian Vegetable Oil Producers' Association (IVPA) Global Roundtable. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order will replace the existing 2011 order and emphasise enhanced monitoring of edible oil imports, production, stocks and sales through digital tools. New Delhi, Jul 24 (PTI) The government will notify a new order next week to regulate vegetable oil products in India with modern, transparent and technologically advanced provisions, Food Secretary Sanjeev Chopra said on Thursday. The new regulation makes it mandatory for the industry to report production, sales and pricing figures. 'Right now we are groping in the dark because we are dependent on the association for the data,' he said. Addressing the event, the secretary said the VOPPA framework will track production, pricing and availability in real-time, providing critical data to industry stakeholders while improving compliance, market monitoring, and product integrity. On import duty cuts in crude edible oils, Chopra said the government has implemented calibrated customs duty reductions to cushion the impact of global fluctuations and ensure affordability. The government is monitoring market dynamics, conducting nationwide inspections and working with industry associations to ensure duty cuts are 'swiftly passed on' to customers for fair price discovery across the supply chain. While overall food inflation remains at its lowest since 2021, edible oil has seen 20-30 per cent annual inflation except groundnut oil, which remains a concern for the government. Mustard oil prices remain firm, though government agencies like Nafed have a stock of 7 lakh tonnes of mustard seed, which should help ease pressure on rates. Stressing on achieving self-sufficiency in domestic oilseeds and edible oil production, Chopra acknowledged significant challenges ahead. The average yield of major oilseeds such as soybean, sunflower and mustard in India is very low compared to global averages. 'It requires substantial investment in research and development, infrastructure development and adoption of modern agricultural practices,' he said. Newly developed Indian varieties demonstrate genetic potential on par with top-performing countries globally. Scaling up production through enhanced seed replacement rates and widespread distribution are crucial steps forward. The government has launched schemes such as Pradhan Mantri Dhan-Dhaanya Krishi Yojana and National Mission on Edible Oils-Oilseeds to increase yields and production. US Soybean Export Council Regional Director Kevin Roepke said no country can be self-sufficient in everything and suggested that the US has potential to increase soybean oil exports to India from current levels. The event was attended by Godrej Industries Group Chairman and Managing Director Nadir B Godrej, IVPA President Sudhakar Desai, and ITC Ltd Agri and IT Businesses Group Head S Sivakumar. Desai said the country's edible oil imports have declined about 8 per cent over the past six months but are showing signs of recovery with softening international prices. Mustard markets have been firm amid speculation of a lower crop, and there may be a need for a calibrated release of government stocks to moderate this trend, he said. 'The global vegetable oil sector continues to be shaped by evolving supply-demand dynamics, price volatility, and shifting geopolitical tensions,' Desai noted, adding in such a volatile context, data-driven dialogue becomes essential. PTI LUX TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
24-07-2025
- Business
- News18
Govt to notify new vegetable oil regulation order next week: Food secretary
New Delhi, Jul 24 (PTI) The government will notify a new order next week to regulate vegetable oil products in India with modern, transparent and technologically advanced provisions, Food Secretary Sanjeev Chopra said on Thursday. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order will replace the existing 2011 order and emphasise enhanced monitoring of edible oil imports, production, stocks and sales through digital tools. 'The associations have been consulted. It's in the final stages now, probably by next week it will be notified," Chopra told reporters on the sidelines of the fourth edition of Indian Vegetable Oil Producers' Association (IVPA) Global Roundtable. The new regulation makes it mandatory for the industry to report production, sales and pricing figures. 'Right now we are groping in the dark because we are dependent on the association for the data," he said. Addressing the event, the secretary said the VOPPA framework will track production, pricing and availability in real-time, providing critical data to industry stakeholders while improving compliance, market monitoring, and product integrity. On import duty cuts in crude edible oils, Chopra said the government has implemented calibrated customs duty reductions to cushion the impact of global fluctuations and ensure affordability. While overall food inflation remains at its lowest since 2021, edible oil has seen 20-30 per cent annual inflation except groundnut oil, which remains a concern for the government. Mustard oil prices remain firm, though government agencies like Nafed have a stock of 7 lakh tonnes of mustard seed, which should help ease pressure on rates. Stressing on achieving self-sufficiency in domestic oilseeds and edible oil production, Chopra acknowledged significant challenges ahead. The average yield of major oilseeds such as soybean, sunflower and mustard in India is very low compared to global averages. 'It requires substantial investment in research and development, infrastructure development and adoption of modern agricultural practices," he said. Newly developed Indian varieties demonstrate genetic potential on par with top-performing countries globally. Scaling up production through enhanced seed replacement rates and widespread distribution are crucial steps forward. The government has launched schemes such as Pradhan Mantri Dhan-Dhaanya Krishi Yojana and National Mission on Edible Oils-Oilseeds to increase yields and production. US Soybean Export Council Regional Director Kevin Roepke said no country can be self-sufficient in everything and suggested that the US has potential to increase soybean oil exports to India from current levels. The event was attended by Godrej Industries Group Chairman and Managing Director Nadir B Godrej, IVPA President Sudhakar Desai, and ITC Ltd Agri and IT Businesses Group Head S Sivakumar. PTI LUX TRB view comments First Published: July 24, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
08-07-2025
- Business
- Business Standard
Govt seeks public input on draft order to regulate vegetable oil industry
The 2025 draft Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order seeks to replace the 2011 order, and the ministry has sought public comments on the same by July 11 Press Trust of India New Delhi The Union Food Ministry has drafted a new order to regulate vegetable oil products in India by introducing more modern, transparent, and technologically advanced regulatory provisions, with a stronger emphasis on stakeholder participation and adaptability to industry changes. The 2025 draft Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order seeks to replace the 2011 order, and the ministry has sought public comments on the same by July 11. The 2025 draft order emphasises enhanced monitoring with increased surveillance of edible oil imports, production, stocks, and sales, likely using digital tools for better transparency and control. The earlier order was based on the regulatory environment and technology available at that time, focusing on traditional production, stocking, and reporting methods. The draft aims to streamline registration and compliance, possibly introducing online systems and an updated reporting format. The earlier order required periodic reporting but relied on manual or less technologically advanced systems for compliance and monitoring. The draft order is designed to expand or clarify the scope and definitions to include new product types and processing technologies, adapting to changes in the industry. Whereas the 2011 order covered vegetable oil products as defined at the time, which may not fully encompass innovations and new categories that have since emerged. The revision is driven by the need to address current challenges, such as import dependence, price volatility, and the need for improved food safety and traceability, which have become more prominent since 2011. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
