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India`s top palm oil buyer expects 26% jump in imports to record 10 million T India's palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct. 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country's top palm oil buyer told Reuters on Wednesday. Higher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures. "Refiners are increasing their purchases for the upcoming ...
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
Source: Reuters
6/09/2023 3:27:27 PM
Palm oil buying lifts India`s August edible oil imports to record India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying has helped strengthen soybean oil futures and could reduce inventories in ...
Palm oil buying lifts India`s August edible oil imports to record
Palm oil buying lifts India`s August edible oil imports to record
Source: Reuters
4/09/2023 12:29:29 PM
Telangana allots 82,000 acres to Lohiya Group for oil palm cultivation The Telangana government has allotted 82,000 acres to oil major Lohiya Group of Industries for oil palm cultivation and for setting up oil palm processing units. The Department of Agriculture and Cooperation allotted the land in Karimnagar and Jagityal districts. Lohiya Group of Industries Managing Director, Mahaveer Lohiya, applauded the government for this initiative saying this will reduce India’s dependence on the import of crude palm oil and cater to the needs of a spectrum o...
Telangana allots 82,000 acres to Lohiya Group for oil palm cultivation
Telangana allots 82,000 acres to Lohiya Group for oil palm cultivation
Source: IANS
11/08/2023 5:11:01 PM
Godrej Agrovet shines on getting allotted land for oil palm in Telangana Godrej Agrovet is currently trading at Rs. 501.05, up by 27.70 points or 5.85% from its previous closing of Rs. 473.35 on the BSE. The scrip opened at Rs. 476.95 and has touched a high and low of Rs. 528.00 and Rs. 467.90 respectively. So far 106952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood ...
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Source: Accord Fintech
18/07/2023 3:43:31 PM
India`s palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers  India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday. Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added. The drop in purchases by the world's biggest importer o...
India`s palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers
India`s palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers
Source: Reuters
6/06/2023 10:24:23 AM
Top palm oil buyer India's May imports set to fall to 27-month low India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday. The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices. Malaysia and Indonesia, the two largest global producers, may lower their palm oil offers to regain market share...
Top palm oil buyer India's May imports set to fall to 27-month low
Top palm oil buyer India's May imports set to fall to 27-month low
Source: Reuters
23/05/2023 3:09:48 PM
India`s April palm oil imports slump 30% to 14-month low India's palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the premium over rival soft oils prompted buyers to shift to sunflower oil and soyoil, a trade body said on Friday. The big drop in palm oil imports by India, the world's biggest importer of vegetable oils, could weigh on palm oil prices, which are trading near a seven-month low. It will also likely make it difficult for top producer Indonesia to increase exports after easing restriction...
India`s April palm oil imports slump 30% to 14-month low
India`s April palm oil imports slump 30% to 14-month low
Source: Reuters
12/05/2023 2:04:00 PM
India to allow duty free imports of sunoil, soyoil until June India on Thursday clarified that duty-free imports of soyoil and sunflower oil shipped before March 31 would be allowed until the end of June, after hundreds of thousands of cargoes were stuck at ports over confusion over import rules. Earlier this year, the world's biggest importer of vegetable oils scrapped a duty-free imports quota of 2 million tonnes of crude sunflower oil and soyoil for the this fiscal started on April 1. But the move stuck cargoes of around 90,000 tonnes at In...
India to allow duty free imports of sunoil, soyoil until June
India to allow duty free imports of sunoil, soyoil until June
Source: Reuters
11/05/2023 10:47:11 AM
India`s December palm oil imports fall 2.8%, vegoil up 1.3% m/m  India's palm oil imports in December fell about 2.8% from the previous month to 1.11 million tonnes, while vegetable oil imports rose about 1.3% to 1.57 million tonnes, a trade body said on Thursday. Imports of soyoil gained 10.1% to 252,525 tonnes while sunflower oil imports jumped 23% to 194,009 tonnes, a release said.
India`s December palm oil imports fall 2.8%, vegoil up 1.3% m/m
India`s December palm oil imports fall 2.8%, vegoil up 1.3% m/m
Source: Reuters
12/01/2023 3:15:36 PM
Bridging India`s edible oil gap with mustard oil India has always been a predominantly agricultural economy and even today, around 70 per cent of the population is engaged either directly or indirectly in agriculture. However, in spite of being the world's largest producer of millets and the second largest producer of wheat and rice, India faces a chronic shortage of edible oil and is compelled to bridge the demand-supply gap through imports. Just a couple of decades ago, India's edible oil imports were around 4 million tonnes...
Bridging India`s edible oil gap with mustard oil
Bridging India`s edible oil gap with mustard oil
Source: IANS
4/01/2023 4:13:50 PM
Top palm oil buyer India's December imports jump 94% y/y on discounts  India's palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil's higher discount to rival vegetable oils led refiners to raise purchases during the seasonally weak winter period, five dealers said. Higher imports by India, the world's biggest palm oil buyer, would help top producers Indonesia and Malaysia cut their inventories and support benchmark palm oil prices, which are trading near their highest levels in five weeks. ...
Top palm oil buyer India's December imports jump 94% y/y on discounts
Top palm oil buyer India's December imports jump 94% y/y on discounts
Source: Reuters
4/01/2023 9:35:58 AM
India extends policy to import refined palm oil at lower duty  India extended a policy to import refined palm oil at a lower duty and allowed imports of 51,000 tonnes of cotton at nil duty in 2023, the government said in a notification late on Thursday. The concessional duty structure for the refined palm oil had been due to expire on December 31. It has been extended "until further orders," the government said. In December 2021, India cut basic import tax on refined palm oil and brought down the total taxes on their imports to 13.7...
India extends policy to import refined palm oil at lower duty
India extends policy to import refined palm oil at lower duty
Source: Reuters
29/12/2022 10:22:07 AM
India raises base import price of palm oil, gold India raised the base import prices of crude palm oil and soyoil, gold and silver, the government said in a statement late on Thursday, as prices jumped in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold. Commodity New price in $ Old pric...
India raises base import price of palm oil, gold
India raises base import price of palm oil, gold
Source: Reuters
16/12/2022 9:11:55 AM
Malaysian economy to moderate in 2023 The Malaysian economy will moderate in 2023 amid challenging external conditions and slowing domestic demand, economists said on Thursday. The Maybank Investment Bank Research said in a report that it expects Malaysia's full-year growth to moderate to 4 per cent in 2023 from 2022's growth forecast of 8 per cent, mainly reflecting moderation in domestic demand, Xinhua news agency reported. The research house sees slower growth in private consumption next year as pent-up spending ...
Malaysian economy to moderate in 2023
Malaysian economy to moderate in 2023
Source: IANS
15/12/2022 4:12:24 PM
India eyes record rapeseed crop as high prices prompt farmers to plant more Rapeseed output in India is likely to rise to a record high in 2023 as higher prices have encouraged farmers to plant the main winter oilseed on nearly 9% more area than a year ago, trade and industry officials said. Higher rapeseed production could help India, the world's biggest importer of vegetable oils, cut expensive overseas purchases of cooking oils that cost the country a record $18.9 billion in the fiscal year to March 31, 2022. India meets more than 70% of its cooking oil ...
India eyes record rapeseed crop as high prices prompt farmers to plant more
India eyes record rapeseed crop as high prices prompt farmers to plant more
Source: Reuters
15/12/2022 2:57:59 PM
Palm oil imports to top buyer India surge on discount to rivals Palm oil imports to India, the world's biggest buyer, rose in November by 29% from the previous month as steep discounts to rivals soyoil and sunflower oil made purchases lucrative for local refiners, a trade body said on Wednesday. Imports last month were 1.14 million tonnes, more than double from a year earlier, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement. Higher Indian imports would help top producer Indonesia cut its inventories and su...
Palm oil imports to top buyer India surge on discount to rivals
Palm oil imports to top buyer India surge on discount to rivals
Source: Reuters
14/12/2022 1:43:54 PM
Top palm oil buyer India`s November imports jump 29% to 1.14 million tonnes - dealers India's palm oil imports jumped 29% in November from a month ago, as a steep discount to rival soyoil and sunoil made buying of the tropical oil lucrative for local refiners, five dealers told Reuters on Tuesday. Higher imports by India, the world's biggest palm oil buyer, would help top producer Indonesia cut its inventories and support benchmark Malaysian palm oil prices, which have nearly halved from this year's record highs. India's palm oil imports reached 1.14 mill...
Top palm oil buyer India`s November imports jump 29% to 1.14 million tonnes - dealers
Top palm oil buyer India`s November imports jump 29% to 1.14 million tonnes - dealers
Source: Reuters
6/12/2022 3:43:00 PM
India's 2021/22 palm oil imports fall 4.8% y/y, soyoil rise-trade body India's palm oil imports in 2021/22 fell 4.8% from a year ago as the overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of the tropical oil, a leading trade body said on Monday. The country's palm oil imports in the marketing year ended on Oct. 31 fell to 7.9 million tonnes from 8.3 million tonnes a year ago, Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.
India's 2021/22 palm oil imports fall 4.8% y/y, soyoil rise-trade body
India's 2021/22 palm oil imports fall 4.8% y/y, soyoil rise-trade body
Source: Reuters
14/11/2022 3:57:28 PM
Palm oil prices seen ticking up as rains slash output and demand strengthens  Palm oil prices are likely to strengthen further as excessive rain in key producing countries curbs output, while demand increases for its use in food and biofuels, industry officials said. Palm oil prices have climbed by around a fifth this month but are still trading far below an all-time high set in March. The expected spike in prices will add to the burden of consumers already hit by inflation triggered by the Russia-Ukraine war, but higher exports and lower production would help...
Palm oil prices seen ticking up as rains slash output and demand strengthens
Palm oil prices seen ticking up as rains slash output and demand strengthens
Source: Reuters
21/10/2022 3:57:01 PM
Colgate-Palmolive`s India arm beats earnings estimates on price increases Colgate-Palmolive (India) reported quarterly profit above market estimates on Thursday, benefiting from price increases it had implemented to counter the blow from a surge in raw material costs. Consumer packaged goods makers across the globe have jacked up prices of everything from toothpaste to coffee as the Russia-Ukraine war and global supply snarls led to an increase in the price of commodities, including palm oil, cocoa and crude oil. The price increases drove profit at Colgate-Pa...
Colgate-Palmolive`s India arm beats earnings estimates on price increases
Colgate-Palmolive`s India arm beats earnings estimates on price increases
Source: Reuters
20/10/2022 3:38:56 PM
India examining proposal to raise palm oil import tax  India is examining whether there is a need to raise palm oil import taxes, government and trade sources said, as part of efforts by the world's biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices. Earlier this year, India abolished the basic import tax on crude palm oil (CPO) to keep a lid on prices. New Delhi continues with a 5% tax known as the Agriculture Infrastructure and Development Cess on CPO imports. India also levies a 12....
India examining proposal to raise palm oil import tax
India examining proposal to raise palm oil import tax
Source: Reuters
18/10/2022 3:07:32 PM
India cuts base import price of palm oil, gold  India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement on Friday, as prices corrected in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold. Commodity New pri...
India cuts base import price of palm oil, gold
India cuts base import price of palm oil, gold
Source: Reuters
15/10/2022 9:24:25 AM
India`s palm oil imports jump to 1-yr high in September as discounts widen India's palm oil imports in September jumped to their highest in a year, boosted by strong demand ahead of the peak festival season and a steep discount to rival oils, a leading trade body said on Thursday. Higher buying by the world's biggest importer of vegetable oils could help top producer Indonesia trim stocks and support benchmark Malaysian prices, which have nearly halved from this year's record highs. The September imports jumped 18% from a month ago to 1.17 million ...
India`s palm oil imports jump to 1-yr high in September as discounts widen
India`s palm oil imports jump to 1-yr high in September as discounts widen
Source: Reuters
13/10/2022 2:13:41 PM
Minister of Agriculture Shri Tage Taki Performs Bhumi Puja for 3F Oil Palms integrated Oil Palm Processing unit Arunachal Pradesh, 2022: 3F Oil Palm Pvt. Ltd, a leading oil palm company in India, today kicked off its investment in the northeast with the bhumi puja for an integrated Oil Palm factory in Arunachal Pradesh. The factory groundbreaking ceremony took place at the factory site at Roing in lower Dibang Valley.The event was attended by senior officials from Arunachal Pradesh government and the chief guest for the event was Honourable Minister of Agriculture Shri Tage Taki. The company had alread...
Minister of Agriculture Shri Tage Taki Performs Bhumi Puja for 3F Oil Palms integrated Oil Palm Processing unit
Minister of Agriculture Shri Tage Taki Performs Bhumi Puja for 3F Oil Palms integrated Oil Palm Processing unit
Source: PR Agency
10/10/2022 6:13:59 PM
India slashes base import price of palm oil, gold India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold. Commodity New pric...
India slashes base import price of palm oil, gold
India slashes base import price of palm oil, gold
Source: Reuters
3/10/2022 9:02:48 AM
India slashes base import price of palm oil, gold India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold. Commodity New pric...
India slashes base import price of palm oil, gold
India slashes base import price of palm oil, gold
Source: Reuters
1/10/2022 12:51:09 PM
India`s top palm oil buyer expects 23% jump in imports India's palm oil imports could jump 23% in 2022/23 to an eight-year high of 9.5 million tonnes, as a rebound in consumption and competitive prices prompt refiners to increase purchases, the country's top palm oil buyer said. "Palm is very attractive as prices are under pressure because of stocks," Sanjeev Asthana, chief executive officer at Patanjali Foods Ltd, said on the sidelines of Globoil conference. Palm oil's big discount to soyoil is unsustainable and it is...
India`s top palm oil buyer expects 23% jump in imports
India`s top palm oil buyer expects 23% jump in imports
Source: Reuters
23/09/2022 1:17:29 PM
India`s palm oil imports to jump on rising demand, lower prices India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.  The higher buying could help top producer Indonesia in bringing down ballooning inventories and support benchmark Malaysian palm oil prices, which have nearly halved from record highs earlier this year. Palm oil imp...
India`s palm oil imports to jump on rising demand, lower prices
India`s palm oil imports to jump on rising demand, lower prices
Source: Reuters
22/09/2022 9:12:55 AM
Indonesia trimming palm oil stocks with discounts, India sales  Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said. Backed by Jakarta's waiver of palm oil export levies, which was recently extended to Oct. 31 and reversed course from an export ban in May that had shut them out of global trade, producers are moving in to lighten up their stocks at tempting prices. A...
Indonesia trimming palm oil stocks with discounts, India sales
Indonesia trimming palm oil stocks with discounts, India sales
Source: Reuters
20/09/2022 9:03:49 AM
Palm surges nearly 6% on higher soyoil prices, strong India demand Malaysian palm oil futures rose nearly 6% on Tuesday, tracking gains in rival soyoil on bleak forecast for U.S. soybean harvest, while strong demand from key buyer India provided an added boost. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange extended gains to a third straight session, rising 217 ringgit, or 5.89%, to 3,900 ringgit ($865.51) a tonne, its highest daily rise in more than 6 weeks. India's palm oil imports in August jumpe...
Palm surges nearly 6% on higher soyoil prices, strong India demand
Palm surges nearly 6% on higher soyoil prices, strong India demand
Source: Reuters
13/09/2022 4:38:09 PM
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years Malaysia's palm oil inventories at end-August likely swelled above 2 million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday. Stockpiles jumped 14.5% from the month before to 2.03 million tonnes, the highest since April 2020, according to the median estimate of nine traders and analysts polled by Reuters. Output in the world's second largest producer climbed 8% to 1.7 million tonnes, hitting a 10-month peak. ...
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years
Source: Reuters
5/09/2022 2:07:44 PM
Indonesia extends zero export levy on palm oil Indonesia has extended its zero-levy policy for palm oil exports until October 31, the Coordinating Ministry for Economic Affairs said. "The extension of the export levy tariff of $0 will maintain the current momentum where the prices of crude palm oil and domestic cooking oil have stabilized, and the price of fresh fruit bunches has increased so that farmers could enjoy the benefits," said Coordinating Minister for Economic Affairs Airlangga Hartarto. Indonesian palm oil prod...
Indonesia extends zero export levy on palm oil
Indonesia extends zero export levy on palm oil
Source: IANS
30/08/2022 10:10:33 AM
India's palm oil imports fall in July as soyoil jumps to record high MUMBAI - India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday. Higher soyoil purchases by the world's biggest edible oil importer will support U.S. soyoil prices, but will dent rival palm oil's share in Indian buying and force Malaysian and Indonesian sellers to offer disco...
India's palm oil imports fall in July as soyoil jumps to record high
India's palm oil imports fall in July as soyoil jumps to record high
Source: Reuters
12/08/2022 2:11:45 PM
Indian state bets big on oil palm to cut $19 billion vegoil imports Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades. Telangana is targeting 2 million additional acres under oil palm cultivation in the next four years, and is going to great lengths to achieve this goal - from building large dams and irrigation canals to importing millions of germinated sprouts. G...
Indian state bets big on oil palm to cut $19 billion vegoil imports
Indian state bets big on oil palm to cut $19 billion vegoil imports
Source: Reuters
3/08/2022 8:38:53 AM
Asian palm oil buyers replenish inventories as prices correct  Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports. Buying by leading Asian importers such as India, China and Pakistan could support Malaysian palm oil futures, which fell to their lowest in a year last week. It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeez...
Asian palm oil buyers replenish inventories as prices correct
Asian palm oil buyers replenish inventories as prices correct
Source: Reuters
19/07/2022 2:18:34 PM
Vegetable oils import down by bit in June 2022 over last year More than a month after Indonesia lifted the ban on exports, India's June import of vegetable oils was reported at 991,650 tonnes in June this year compared to 9,96,014 tonnes in June 2021, down by 0.44 per cent, data showed on Wednesday. According to the Solvent Extractors' Association of India (SEAI), the 991,650 tonnes imports this year comprised 941,471 tonnes of edible oils and 50,179 tonnes of non-edible oils. Indonesian palm oil exports had plummeted to a 10 years low due...
Vegetable oils import down by bit in June 2022 over last year
Vegetable oils import down by bit in June 2022 over last year
Source: IANS
13/07/2022 8:15:53 PM
India`s June palm oil imports jump 14.96%  India's palm oil imports rose 14.96% in June from the previous month as the world's biggest importer of vegetable oils stepped up purchases from Malaysia, Thailand and Papua New Guinea to offset the impact of export curbs imposed by Indonesia. In June, India imported 590,921 tonnes of palm oil, the most widely consumed edible oil in the country as well as globally, up from 514,022 tonnes in May, Mumbai-based trade body the Solvent Extractors' Association (SEA) of India sa...
India`s June palm oil imports jump 14.96%
India`s June palm oil imports jump 14.96%
Source: Reuters
13/07/2022 3:57:53 PM
India`s July palm oil imports may surge to 10-month high as prices plunge India's palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters. Higher purchases by India, the world's biggest importer of vegetable oils, may add support for Malaysian palm oil prices, which are trading near a one-year low. India's palm oil imports in July may rise to 700,000 to 800,000 tonnes, the highest since September 2021, the dealer...
India`s July palm oil imports may surge to 10-month high as prices plunge
India`s July palm oil imports may surge to 10-month high as prices plunge
Source: Reuters
6/07/2022 1:48:01 PM
Crude Palm Oil Falls Significantly in June - Has the Broader Outlook Changed ? By Mr Abhijit Banerjee, Religare Broking Below is Note on Crude Palm oil By Mr Abhijit Banerjee, Senior Research Analyst- Agri Commodities, Religare Broking Ltd. Crude Palm Oil Falls Significantly in June – Has the Broader Outlook Changed? Higher prices of palm oil during the month of May have negatively impacted palm oil exports from Malaysia.  As per the official data, palm oil products for June 1 - 20 have dropped by 10.5 percent to 738,368 tonnes from 824,589 tonnes shipped during May 1 – 20. A r...
Crude Palm Oil Falls Significantly in June - Has the Broader Outlook Changed ? By Mr Abhijit Banerjee, Religare Broking
Crude Palm Oil Falls Significantly in June - Has the Broader Outlook Changed ? By Mr Abhijit Banerjee, Religare Broking
Source: Religare Broking Ltd
29/06/2022 3:23:30 PM
India cuts base import prices of crude palm oil, gold MUMBAI  - India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India, the world's biggest edible oils importer, last month allowed duty-free imports of 2 million tonnes of soyoil. Commodity New price in $ Old price in $ Crude palm oi...
India cuts base import prices of crude palm oil, gold
India cuts base import prices of crude palm oil, gold
Source: Reuters
15/06/2022 9:21:23 PM
Vegetable oil imports down by 15% over last year: SEA Three weeks after Indonesia lifted the export ban, the import of vegetable oils during May 2022 is reported at 10,61,416 tonnes compared to 12,49,648 tonnes in May 2021, i.e., down by 15 per cent, data compiled by the Solvent Extractors' Association (SEA) of India showed on Tuesday. The import data of vegetable oils (edible & non-edible) for the month of May 2022 showed that 10,61,416 tonnes imported consisted of 10,05,547 tonnes of edible oils and 55,869 tonnes of non-edible oils....
Vegetable oil imports down by 15% over last year: SEA
Vegetable oil imports down by 15% over last year: SEA
Source: IANS
15/06/2022 9:29:48 AM
India's May palm oil imports surge to 7-month high despite Indonesia's ban-dealers MUMBAI - India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices, which are trading near a record high. India imported 660,000 tonnes of palm oil in May, up from 572,508 ton...
India's May palm oil imports surge to 7-month high despite Indonesia's ban-dealers
India's May palm oil imports surge to 7-month high despite Indonesia's ban-dealers
Source: Reuters
6/06/2022 3:43:14 PM
Indonesia has issued around 302,000 T of palm oil export permits -official JAKARTA -Indonesia has issued around 302,000 tonnes of palm oil export permits since the country restarted exports, senior minister Luhut Pandjaitan said on Sunday, while reassuring farmers and exporters that authorities would speed up the permit process. Indonesia, the world's biggest palm oil producer, on April 28 halted exports of the oil, which it uses for cooking, in efforts to control soaring prices at home. The government allowed exports to resume from May 23, but put in plac...
Indonesia has issued around 302,000 T of palm oil export permits -official
Indonesia has issued around 302,000 T of palm oil export permits -official
Source: Reuters
6/06/2022 8:25:24 AM
Watchdog's new chief says high prices can support greener palm oil KUALA LUMPUR- Palm oil producers profiting from a global price boom should use the opportunity to ramp up efforts to make the business more sustainable and head off rising risks of forests being cleared for plantations, the new head of the industry's watchdog said. Prices for palm oil - found in everything https://news.trust.org/item/20180329010146-ye2ye from margarine to biscuits, and soap to soups - have hit near-record highs in recent months, partly due to food-supply constraints li...
Watchdog's new chief says high prices can support greener palm oil
Watchdog's new chief says high prices can support greener palm oil
Source: Reuters
2/06/2022 6:52:49 PM
India's palm oil imports could hit 11-yr low as soyoil rises MUMBAI - India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said. Palm oil imports by the world's biggest vegetable oil importer in its marketing year ending on Oct. 31 will fall 19% to 6.7 million tonnes, the lowest since 2010/11, according to the average forecast from five dealers. Soyoil imports could jump 57% to a r...
India's palm oil imports could hit 11-yr low as soyoil rises
India's palm oil imports could hit 11-yr low as soyoil rises
Source: Reuters
25/05/2022 6:57:20 PM
Indonesia to lift palm oil export ban Indonesia will lift an export ban on crude palm oil, cooking oil, refined, bleached and deodorised (RBD) palm oil, and RBD palm olein starting from May 23, as the country has brought domestic cooking oil prices and supply under control. Indonesian President Joko Widodo said at a virtual press briefing on Thursday that the cooking oil supply in the local market has reached 211,000 tons, far higher than 64,000 tons the country had before the ban was imposed on April 28, Xinhua news agency re...
Indonesia to lift palm oil export ban
Indonesia to lift palm oil export ban
Source: IANS
20/05/2022 11:19:51 AM
Indonesia's flip-flops give Malaysia edge in top palm oil market India MUMBAI/KUALA LUMPUR - Indonesia's "unpredictable" palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world's top buyer of the edible oil, industry sources said. Indonesia is the world's biggest palm oil producer but its erratic export policies, including the most recent ban announced on April 22, have pushed Indian consumers to increase their dependence on Malaysia, the world's second-largest producer whose output is less than...
Indonesia's flip-flops give Malaysia edge in top palm oil market India
Indonesia's flip-flops give Malaysia edge in top palm oil market India
Source: Reuters
11/05/2022 11:15:51 AM
No shortage of palm oil due to Indonesia's export ban: Government Almost a week after the export ban on palm oil by Indonesia, the Centre on Wednesday said it is looking at the situation "very seriously" while reiterating its position that there is sufficient stocks of all edible oils to cover the lean period. The international oil trade market was already on the edge since the Ukraine-Russia war broke out in late February. It faced a double whammy when Indonesia imposed the export ban from April 28 owing to domestic reasons. "The gover...
No shortage of palm oil due to Indonesia's export ban: Government
No shortage of palm oil due to Indonesia's export ban: Government
Source: IANS
5/05/2022 9:10:37 AM