Palm Oil

India's palm oil imports edge up in Nov as buyers shift from costlier oils

Meanwhile, soyoil imports fell 12 per cent to 400,000 tons, and sunflower oil imports slid 44 per cent to a two-year low of 145,000 tons, according to dealer estimates

Indonesia's higher biodiesel mandate has limited impact on palm oil prices

As Indonesia raises its biodiesel blend to 50%, the global palm oil market braces for tighter supply, though India remains a priority destination for exports

India's palm oil imports hit four-month low as soyoil gains preference

India's palm oil imports in September dropped 16.3 per cent to 829,017 metric tonnes, marking their lowest point since May, the industry trade body SEA of India said

Shifting 16.08 mn hectares paddy land to oil palm can lower India's imports

Edible oil demand-supply gap may widen to 40 mn tonnes by 2047, warns paper

Palm oil futures rise on better demand, likely lower June production

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 66 ringgit, or 1.66%, to 4,034 ringgit a metric ton by the midday break

India's edible oil stocks fall to five-year low on weak palm oil imports

Port and pipeline stocks drop to 1.35 million tonnes; SEA says domestic mustard crushing is active, but CPI shows edible oil inflation hit 17.4% in April

Competitive pressures, valuations leave little room for Nestle India upside

Nestle has appointed Manish Tiwary as managing director for a five-year term starting April 1, 2025. This may lead to a shift in the strategy which is monitorable

Q4 volume gains, margins likely to sustain rally in Godrej Consumer

In the near term, GCPL's India profitability may continue to face pressure given modest volume growth and higher input cost

Godrej Consumer to hike soap prices gradually amid palm oil price surge

Sitapati does not expect the price hikes to have an impact on sales as palm oil-based products, including soap, tend "not to be discretionary" goods that consumers can forgo

Refiners cancel palm oil orders for 100k metric tonnes due to price surge

The Indian cancellations could limit the rally in Malaysian palm oil prices, although they could also support soyoil prices as some refiners shift to soyoil

India's push for self-reliance in palm oil gets a boost with NMEO-OP

NMEO-OP aims to enhance palm oil production while securing farmers' livelihoods

India's palm oil promise: A 2030 blueprint to reduce import dependence

While palm oil production elsewhere in the world is conducted on large-scale plantations, it is small-scale farmers in India who are the key to boosting production

Tripura govt plans palm cultivation on 7,000 hectares of wasteland by FY27

The Tripura government has planned to bring around 7,000 hectares of wasteland under oil palm cultivation by the 2026-27 financial year (FY'27), an official said on Friday. Initially, the Centre had identified 7,000 hectares for oil palm cultivation in the state but the ICAR-Indian Institute of Oil Palm Research reassessment committee classified 1.46 lakh hectares as a potential area for such farming in 2020 through digital mapping. "Under the National Mission on Edible Oil-Oil Palm (NMEO-OP), the state planned to bring at least 7,000 hectares of wasteland under oil palm cultivation by the 2026-27 financial year. The state has a favourable agro-climate for palm cultivation. Accordingly, we are working rigorously to achieve the target," Horticulture and Soil Conservation Department's Director P B Jamatia told PTI. He said the department has selected two processors as technical associated partners- Godrej Agrovet Pvt Ltd and Patanjali Foods Pvt Ltd -for implementation of the national

Higher palm oil prices, input costs to impact FMCG firms' Q2 margins

GCPL said it expects a "flattish" earnings growth in the domestic market in the September quarter as higher palm oil prices added to input costs

Malaysia terms India's import duty hike on palm oil a temporary aberration

Malaysia's Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani on Tuesday termed India's recent hike in palm oil import duty as a "temporary aberration", saying demand for the commodity remains steady. Ghani dismissed speculation about arrangements between Malaysia and India for palm oil supplies in exchange for fighter aircraft transfers. India, the world's largest edible oil importer, raised import duties on palm oil and other edible oils on September 14, 2023, increasing the effective duty on crude palm oil from 5.5 per cent to 12.7 per cent and on refined oils from 13.75 per cent to 35.75 per cent. "Any kind of aberration, for me, it is just temporary," Ghani said responding to a PTI query during a press conference on the sidelines of the Malaysia Palm Oil Forum. The recent tariff policy changes by India will not create any "issue", he added. The minister emphasised that India, with its population of 1.4 billion, has various options for edible oils, including pal

India's Sept palm oil imports hit 6-month low on price rise, say dealers

The drop in imports of palm oil, soyoil and sunflower oil brought down the country's total edible oil imports by 31 per cent to 1.06 million tons, as per dealers' estimates

India's palm oil output may face winter chill: Malaysian scientist

Harikrishna said that in India winter is the main concern in getting optimum yields as when the temperature drops palms get stressed and start producing male flowers

Palm oil imports jump 34% to 684,000 tonnes in April on lower global prices

India's palm oil imports registered a 34.11 per cent jump on-year in April to 6,84,000 tonnes, buoyed by a fall in global prices, the Solvent Extractors' Association of India (SEA) said on Tuesday. Palm oil accounted for 52 per cent of India's total edible oil imports of 13,04,409 tonnes in April, the trade body said in a statement, adding that sunflower and soybean oils import stood at 6,20,315 tonnes. Including non-edible oils, overall vegetable oil imports rose 26 per cent in April to 13,18,528 tonnes compared to 10,50,189 tonnes a year ago, it said. Bearish global prices encouraged higher imports of refined, bleached and deodorized (RBD) palmolein and crude palm oil (CPO), which declined by nearly USD 100 a tonne last month, SEA said. Soybean oil prices fell USD 40 per tonne globally, while the sunflower oil rate dropped just USD 15 a tonne over the last month, it added. Among palm oils, RBD palmolein imports climbed to 1,24,228 tonnes as against 1,12,248 tonnes in the year-ag

Nifty FMCG declines 2%, HUL hits 52-week low: What's behind the selling?

The Nifty FMCG index declined 1.7 per cent to 52,940 level in the intraday trade, dragged by Nestle India (down 3.3 per cent), Colgate Palmolive (3.25 per cent), Godrej Consumer Products (3 per cent)

Palm oil dips on stronger ringgit, prospects of lower India purchases

Lower purchases of palm oil by India could keep inventories elevated in top producers Indonesia and Malaysia and weigh on benchmark futures