Latest news with #cookingoil
CTV News
07-07-2025
- Business
- CTV News
CTV National News: Rising food costs make quality meat a luxury
Watch Kamil Karamali reports on a 6.7 per cent spike in meat prices over the past year, alongside increases in dairy and cooking oil costs.
South China Morning Post
26-06-2025
- South China Morning Post
Vietnam raids outfit selling livestock oil for cooking: ‘anything left that isn't fake?'
Vietnam 's food safety authorities have issued a nationwide public health warning following a local police bust of a large counterfeit oil operation secretly selling animal-feed oil as cooking oil to restaurants, factories and food producers across the country. Police in Hung Yen province raided the Nhat Minh Food Production and Import-Export Company on Tuesday. It was allegedly repackaging imported animal feed-grade vegetable oil under the Ofood brand and selling it as cooking oil, the VnExpress newspaper reported. 'This fake cooking oil threatens public health,' an official with Vietnam's Department of Food Safety said on Wednesday. As animal-feed oil is often unrefined, it is not safe for human consumption and can cause poisoning, organ damage, toxin build-up and increased risk of chronic diseases if taken over a long period. Over the past three years, the criminal network raked in an estimated 8.2 trillion dong (US$3.14 million) in revenue selling the popular Ofood cooking oil, state broadcaster Vietnam Television reported. Food stall at a local market in Ho Chi Minh City, Vietnam. Photo: Victoria Burrows Initial findings show that the group sold tens of thousands of tons of this toxic oil to a wide range of consumers – from industrial kitchens and restaurants to street food vendors and traditional village snack and sweet shops.
New York Times
02-06-2025
- Business
- New York Times
Which Cooking Oil Should I Use?
A splash here, a splash there. You might not think your cooking oil matters much for the climate and the environment. But it does. Farming accounts for about a third of global carbon emissions. And, according to a major study published in 2022, nearly 20 percent of the planet's total farmed land goes toward oil crops. But that doesn't mean that all oils are bad. Some are much better than others. And, in some cases, they might even provide a net benefit in terms of planet-warming carbon. Here, in a nutshell, is what you should know. The global rankings Just four crops make up more than 85 percent of the world's edible oil: palm, soy, canola and sunflower. Peanut, coconut and olive oils are the next biggest. All the others, including corn, grapeseed and avocado, make up just a sliver of the global market. According to that study published in 2022, canola and sunflower oil are the two best bets for the climate, on average, around the world. Want all of The Times? Subscribe.
Malay Mail
31-05-2025
- Business
- Malay Mail
India slashes import tax on crude edible oils, include palm, to 10pc to boost domestic demand
NEW DELHI, May 31 — India has reduced the basic import tax on edible oils by 10 percentage points, a move that is expected to improve domestic retail cooking oil demand. This move reduces the basic duty on crude palm oil (CPO), crude soybean oil and crude sunflower oil to 10 per cent from 20 per cent. The effective import duty, which includes agriculture infrastructure and development cess and social welfare surcharge, on crude edible oils will now be 16.5 per cent compared with 27.5 per cent earlier. The Indian Vegetable Oil Producers' Association (IVPA) welcomed the government's decision to slash the duty on crude edible oil imports while leaving it unchanged for refined oils. 'This move will not just strengthen the domestic refining capacities of Indian refiners but also ensure a fair price to oilseed farmers and a fair price to the consumers,' the trade body's president, Sudhakar Desai, said in a statement. India is the world's biggest importer and second-largest consumer of edible oils. Nepalese refiners have significantly increased their sales to India under the South Asian Free Trade Area (SAFTA) rules since the Indian government raised the basic customs duty on crude edible oils from zero to 20 per cent and from 12.5 per cent to 32.5 per cent on refined products in September last year. Indian oilseed crushers had said the narrow duty differential between the crude and refined varieties was hurting their interests. — Bernama
