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Palm Oil Imports

India resumes palm oil imports as prices fall below soyoil after 5 months

Higher purchases by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil futures, which have fallen nearly 10 per cent so far in 2025

India resumes palm oil imports as prices fall below soyoil after 5 months
Updated On : 23 Apr 2025 | 1:58 PM IST

Every Indian now consumes 24 kg edible oil a year, triple the 2001 level

ICMR recommends a 12 kg limit, but rising consumption is fuelling obesity, lifestyle diseases, and growing dependence on edible oil imports

Every Indian now consumes 24 kg edible oil a year, triple the 2001 level
Updated On : 21 Apr 2025 | 1:59 PM IST

India's vegetable oil stocks drop to three-year low on lower palm imports

Depleted stocks could force the world's biggest buyer of vegetable oils to increase imports of palm oil and soyoil in the coming months, supporting Malaysian palm oil prices and US soyoil futures

India's vegetable oil stocks drop to three-year low on lower palm imports
Updated On : 11 Apr 2025 | 7:19 PM IST

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

Godrej Consumer to hike soap prices gradually amid palm oil price surge
Updated On : 10 Mar 2025 | 5:06 PM IST

Palm oil imports to hit 5-year low amid price shifts, rising output

Benchmark palm oil futures, which jumped 20 per cent in 2024 to a two-year high, have already lost market share as top importers like India shift to cheaper alternatives such as soybean

Palm oil imports to hit 5-year low amid price shifts, rising output
Updated On : 26 Feb 2025 | 5:20 PM IST

India annual palm oil imports likely to fall behind soft oils for 1st time

Palm oil accounted for 56 per cent of India's total edible oil imports in the last marketing year, but in the first three months of the current year its share fell to 43 per cent

India annual palm oil imports likely to fall behind soft oils for 1st time
Updated On : 24 Feb 2025 | 9:29 PM IST

Palm oil imports to drop to 5-year low in Jan due to losses: Report

The thin lineup of vessels carrying palm oil at key ports such as Kandla, Haldia, and Krishnapatnam over the next two weeks suggests imports could drop to about 370,000 metric tons in Jan

Palm oil imports to drop to 5-year low in Jan due to losses: Report
Updated On : 16 Jan 2025 | 3:49 PM IST

Shivraj Singh urges states to prioritise oil palm plantation under NMEO-OP

Agriculture Minister Shivraj Singh Chouhan on Monday urged state governments to prioritise oil palm plantation targets under the NMEO-OP scheme by addressing bottlenecks and mobilizing available resources. The National Mission on Edible Oils - Oil Palm (NMEO-OP) was launched in August 2021, with the primary objective of enhancing domestic production of palm oil and reducing reliance on imports. The mission aims to bring 6.5 lakh hectares under oil palm plantations by 2025-26. "While significant progress has been made in certain regions, others need to accelerate their efforts," Chouhan said in a statement. The under utilization of allocated funds and delays in achieving plantation targets underscore the urgency for a more focused and coordinated approach, he said. Chouhan emphasized the need for states to prioritize achieving their plantation targets by addressing bottlenecks and mobilizing available resources. With substantial unspent funds under NMEO-OP, the minister urged state

Shivraj Singh urges states to prioritise oil palm plantation under NMEO-OP
Updated On : 06 Jan 2025 | 8:01 PM IST

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

India's palm oil promise: A 2030 blueprint to reduce import dependence
Updated On : 16 Dec 2024 | 9:02 AM IST

India's veg oil imports likely to decline further in 2024-25, says SEA

Weather has been favourable for Indian crops this year, resulting in higher production of soybean and ground nuts, Mehta said, adding that rapeseed output was also expected to rise

India's veg oil imports likely to decline further in 2024-25, says SEA
Updated On : 07 Nov 2024 | 9:29 AM IST

India key mkt despite import duty hike: Malaysia Palm Oil Council Chief

Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries. In an interview to PTI, Nielsen stressed that India, being the world's largest palm oil importer, continues to be an "incredibly important market" for Malaysian palm oil. He pointed out that such tariff adjustments have occurred in the past and are part of the normal trading relationship between the two countries. "This has been done before. Duties have been raised, and duties have been reduced, and we will see that this pattern will repeat itself in the future," Nielsen said. He said that the council's approach would be based on long-term partnership rather than "short-term knee-jerk reactions." He also added that the council is "not worried" about the tariff changes because there are other countries which would want to buy Malaysian palm oi

India key mkt despite import duty hike: Malaysia Palm Oil Council Chief
Updated On : 09 Oct 2024 | 12:02 PM IST

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 Sept palm oil imports hit 6-month low on price rise, say dealers
Updated On : 03 Oct 2024 | 2:26 PM IST

Palm oil loses position as world's cheapest edible oil as output shrinks

Key users such as cookie makers, restaurants and hotels in India are unlikely to look for substitutes immediately, even as some household consumption of palm oil may shift to its rivals

Palm oil loses position as world's cheapest edible oil as output shrinks
Updated On : 26 Sep 2024 | 11:20 AM IST

Indian refiners cancel palm oil contracts on duty hike, price rise

India, on average, imports 750,000 tons of palm oil every month, and the cancellation of 100,000 tons represents about 13.3 per cent of monthly imports

Indian refiners cancel palm oil contracts on duty hike, price rise
Updated On : 23 Sep 2024 | 3:24 PM IST

India palm oil output to triple in 6 years as farmers plant more: Agrovet

India currently imports around 16 million tons of vegetable oils per annum, including 9 to 10 million tons of palm oil, mainly from Indonesia, Malaysia and Thailand

India palm oil output to triple in 6 years as farmers plant more: Agrovet
Updated On : 20 Sep 2024 | 11:50 AM IST

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil

The drop in imports of palm and sunflower oils brought down the country's total edible oil imports by 17 per cent to 1.53 million tons

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil
Updated On : 12 Sep 2024 | 3:54 PM IST

India's July palm imports surge, near one-year high on festive demand

India's palm oil imports rose more than 37 per cent in July from previous month to about 1.1 million metric tonnes, highest since Aug 2023 and in line with traders' estimates, SEA of India said

India's July palm imports surge, near one-year high on festive demand
Updated On : 14 Aug 2024 | 11:28 PM IST

India's July edible oil imports to surge to record on robust palm buying

India on average has been importing 1.2 million tons of edible oil so far in the current marketing year which began November 2023.

India's July edible oil imports to surge to record on robust palm buying
Updated On : 24 Jul 2024 | 9:34 AM IST

Malaysia urges India to ease rice, sugar export curbs amid supply concerns

India is a key supplier of rice, sugar, and onions for Malaysia, in turn, Malaysia is the second-largest exporter of palm oil to India after Indonesia

Malaysia urges India to ease rice, sugar export curbs amid supply concerns
Updated On : 18 Jul 2024 | 4:14 PM IST

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

Why Indians might find it difficult to cut down on their palm oil demand?
Updated On : 25 Jun 2024 | 5:12 PM IST