Page 5 - Palm Oil Imports

India's palm oil imports to drop 9% as farmers expand oilseeds area

PANAJI, India (Reuters) - India's palm oil imports in 2021/22 are likely to drop 9% from a year earlier on a rise in domestic supplies, as farmers expand the area planted with oilseeds in response to record high prices, a leading industry analyst told Reuters.

Cabinet approves new palm oil mission with MSP-type benchmark assured price

The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.

Patchy Indian monsoon set to cheer palm traders 3,000 miles away

The world's second-most populous nation, where eating fried food is a national tradition, depends on overseas suppliers for as much as 70% of its edible oil needs

Why did previous attempts to boost domestic oil palm production fail?

Massive forest loss and impact on wildlife, long gestation, small farm holdings among hurdles to cultivation

Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm

The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years

India's July palm oil imports dip over 43% to 4.65 lakh tonne

India's palm oil imports fell 43.55 per cent year-on-year to 4.65 lakh tonne in July due to higher domestic stocks, industry body Solvent Extractors Association (SEA) said on Monday

Palm oil prices rise in India even after import duty cut, to hit demand

Higher palm oil prices could weigh on Indian demand and may prompt the government to refrain from cutting import taxes further as the price rise highlighted the limitation of duty reduction

Traders see little impact of edible oil duty cut as global mkts offset move

India is heavily dependent on imports for meeting its domestic edible oil requirements.

India cuts crude palm oil import tax, potentially boosting imports

The lower tax rate will apply from June 30 to September 30, the government said

Malaysia surpasses Indonesia to become India's top palm oil supplier

Indonesia's export levies have been at their highest level for five months in a row, according to trade officials.

India May palm oil imports nearly doubles, soyoil jumps - trade body

India's sunflower oil imports rose 31% to 175,759 tonnes in May, it added.

Govt considering edible oil import tax cut to lower prices, says report

The government will make a final decision to cut the taxes sometime this month

Import dependence

India must attain self-sufficiency in edible oils

Covid-19: Refiners curtail palm oil imports as lockdowns dent demand

Lower imports by India, the world's biggest buyer of the edible oil, could limit a rally in benchmark Malaysian palm oil futures, which hit their highest level since 2008 on Thursday.

India imported over 500,000 tonnes of palm oil from Malaysia last month

Edible oil imports fell to 1.07 million tonnes last month from about 1.32 million tonnes in December, The Star reported

India's crude palm oil import surges 45% in January: Trade body

India's crude palm oil imports in January jumped 44.99 per cent, the Solvent Extractors' Association of India (SEA) said on Friday

Palm oil demand will be limited if prices continue to rise: Report

If it does, benchmark palm oil prices are likely to jump to as high as 4,000 ringgit per tonne in January

India cuts import tax on crude palm oil to 27.5% as food prices rise

India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

Indian edible oil refiners trim palm oil imports to make space for soyoil

Refiners have been slashing palm oil imports for winter

India's August palm oil imports drop 14% as Covid hit demand: Trade group

India's palm oil imports in August dropped 13.9% from a year earlier to 734,351 tonnes, a leading trade body said, due to a sluggish recovery in demand as local coronavirus cases continued to rise