Welcome to OFI India
Following on from the positive industry response to the first ever OFI India show on 13-14 April at the Hyderabad International Convention Centre, Oils & Fats International is delighted to announce that it will be hosting another OFI India next year.
Venue and dates for OFI India 2017 will be confirmed shortly.
OFI India 2016 attracted over 600 attendees and featured a business conference, a Smart Short Course technical programme, an oils and fats exhibition and a pre-show tour of the CSIR-IICT (Indian Institute of Chemical Technology) research facilities.
A full report of OFI India 2016, containing the latest developments and statistics on the Indian edible oils market, will be featured in the OFI June 2016 issue
India - the growing hub for Oils & Fats
India is the world’s largest edible oil importer, with a growing population and lifestyle changes driving an increase in edible oil consumption.
With over 1.2bn people, it imports some 15M tonnes of edible oil, against domestic production of 7-8M tonnes.
With annual consumption of some 22M tonnes of edible oils and per capita consumption of around 14-15kg, against a global average of 22.8kg, the Indian market has large potential as well as challenges to face.
If you are interested in meeting and networking with your existing and potential partners and business facilitators within this expanding sector then you can’t miss the opportunity to have a presence within this industry-leading exhibition OFI India 2017. Get in touch with our OFI India team to find out more.
India – a country with global influence and unrealised potential
India is a country with large unrealised potential, according to several leading industry figures who spoke at the OFI India 2016 business conference, held on 13-14 April at the Hyderabad International Convention Centre.
Attracting over 600 attendees, the first OFI India show received a very positive response from those who attended it.
Indian fuel retailers launch first tender for biodiesel
(Thursday 6 August 2015) India’s state-run fuel retailers have launched the country’s first tender for biodiesel, seeking to procure 850M litres of biodiesel from local manufacturers between now and March 2016, reports the Economic Times.
According to the tender document, the Indian Oil Corporation would procure about 40% of the total quantity while the balance would be shared between Bharat Petroleum Corp and Hindustan Petroleum Corp, the report said.
The biodiesel will have to be delivered at multiple locations across the country from August through to March 2016, with technical and price bids to be submitted online by19 August.
The report said the tender would help retailers discover the price of biodiesel and ready themselves for blending when it became mandatory.
Uncertainty on the availability of biodiesel had slowed progress towards mandatory blending.
The National Policy on Biofuels had proposed a 20% blending ratio for both biodiesel and ethanol by 2017, the report said.
Currently, the government has made it mandatory only to blend 5% ethanol – chiefly produced from sugar and corn – with petrol. A 12.36% excise duty levied on ethanol supplied for blending was removed three months ago and the government also raised the import duty on sugar to 40% from 25% to support the local sugar industry.
Indian olive oil in sight
The Indian state of Rajasthan is preparing to begin producing its first home-grown olive oil on a small but commercial scale, with first extractions beginning in August, according to an Olive Oil Times report in July.
The pilot project was first initiated in 2007, when Indian farmers visited agricultural experts in Israel to determine whether Indian olive oil production was technically feasible and economically viable in India’s tropical desert climate. Following the research trip, the Rajasthan Olive Cultivation Limited (ROCL) was assembled in April of that year, forming a partnership between the Government of Rajasthan, India-based Finolex Plasson Industries and Pune and Indolive Industries of Israel. Seven olive tree varieties were imported to India from Israel, drip irrigation systems were installed on 182ha and extraction units were imported from Italy.
India is the world’s biggest importer of edible oils and the ROCL estimated that the Indian produced olive oil would be available at around a third of the cost of imported oils, Olive Oil Times said. The first olives were harvested last season and the oil sold to a private company. It was hoped that 8,000 to 10,000 litres of ‘Raj Olive Oil’ would be produced this season and would be available on the market by the end of the year the report said. Both virgin and extra virgin oil would be available.
Business Today India spoke to ROCL’s manager, Yogesh Kumar Verma last year, who said: “We sent some samples to Israel and labs elsewhere to find out the oil content in the fruit. It ranges from 9-14%.” According to the report, oil content in fruit from other countries is usually between 12% and 16%.
B20 boost for India
India’s Union Shipping Ministry has announced that it will be using 20% blended biodiesel (B20) at 12 major ports, according to a report in The Hindu on 24 June. The Bureau of Indian Standards had been asked by the government to set higher biofuel standards for cars, trains, heavy engineering machines and generators, the report said.
The country’s first biodiesel dispensing pump was opened in June at Haldia Port and will be supplied by Emami Agrotech, the edible and biodiesel arm of India’s Emani Group. Emami’s 300 tonnes/day Haldia, West Bengal biodiesel plant, which makes use of palm oil residues among other things, was eastern India’s first and largest biofuel facility set up in technical collaboration with Desmet Ballestra in 2006.
According to the union minister for road transport, highways and shipping, Emami’s biodiesel is cost effective. “We are looking at the possibility of buying biodiesel for all major ports at a price much lower than the petroleum diesel price”, he told The Hindu.
In January the government made a decision to allow biodiesel to be sold directly to consumers for transport use, which will expand India’s clean energy market.
- Emami Agrotech is also looking to expand its edible oil refining capacity at its facility in Haldia. According to The Hindu, the plant’s production will be extended by 400 tonnes/day taking the total daily capacity to 2,000 tonnes. In addition it is looking to set up a new vegetable oil port-based refinery in Gujarat to supply the western region, a director of Emami, Manish Goenka, told The Hindu.