Page 6 - Palm Oil Imports
Industry association urges govt to allow import of only crude palm oil
Edible oil industry body SEA on Thursday said it has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade
 "Industry association urges govt to allow import of only crude palm oil")
July palm oil imports rise to a 10-month high at 824,078 tonnes: Trade body
The country's soyoil imports in July surged 52 per cent from a year ago to 484,525 tonnes
 "July palm oil imports rise to a 10-month high at 824,078 tonnes: Trade body")
Need long-term policy to boost oil palm cultivation, reduce imports: OPDPA
India is heavily dependent on imported edible oils. Of the total 15 million tonnes of import, about 9 million tonnes (or nearly 60 per cent) is of palm oils
 "Need long-term policy to boost oil palm cultivation, reduce imports: OPDPA")
Palm oil has a severe image problem in India, and it is ruining sales
India, home to more than $5 billion in palm sales a year and the top export market, is no longer enthralled with the oil.
India's edible oil import falls 40% in May, lowest since 2011: SEA
India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.
 "India's edible oil import falls 40% in May, lowest since 2011: SEA")
India resumes purchases of Malaysian palm oil as relations improve: Report
A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days
 "India resumes purchases of Malaysian palm oil as relations improve: Report")
India suspends 30 licences to import 452,303 tonnes of refined palm oil
The suspension could reduce India's palm oil imports in the next few months and pressure Malaysian palm oil futures, but could lift shipments of soyoil and sunflower oil
 "India suspends 30 licences to import 452,303 tonnes of refined palm oil")
India tightens curb on refined palm oil import with more conditions
India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually
Commodity Picks: 13 April, 2020
For the week ahead, the palm oil prices are expected to head towards Rs 680 per 10 kg
India's curbs on Malaysian palm imports disrupts global edible oil trade
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
Imran Khan says will buy more Malaysian palm oil after India curbs imports
Last year Pakistan bought 1.1 million tonnes of palm oil from Malaysia, the world's second biggest producer and exporter of the edible oil
 "Imran Khan says will buy more Malaysian palm oil after India curbs imports")
Malaysia says palm oil dispute with India is 'temporary', will be resolved
Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law
India raises import tax on crude palm oil to 44% from 37.5% earlier
The hike in import duty on palm oil could prompt buyers to increase purchases of rival edible oils such as soya oil and sunflower oil, traders said
Palm oil imports from Malaysia likely to hit 9-year low in January
Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month
Indonesia to increase imports from India amid Delhi-Malaysia spat: Report
The trade ministers of India and Indonesia, which want to more than double their bilateral trade to $50 billion by 2025, met in Davos on Thursday and agreed to fast-forward trade
Malaysia hikes sugar import from India to resolve palm oil spat: Report
India, the world's largest edible oil buyer, this month effectively halted Malaysian palm oil imports apparently in retaliation to Malaysian PM Mahathir Mohamad's comments on Kashmir
 "Malaysia hikes sugar import from India to resolve palm oil spat: Report")
'Too small to fight India': Malaysia rules out action over palm oil ban
Malaysian Prime Minister Mahathir Mohamad has criticised India's new religion-based citizenship law.
 "'Too small to fight India': Malaysia rules out action over palm oil ban")
Why Mahathir panning Indian politics may boost domestic edible oil firms
India is Malaysia's top buyer of palm oil and that country's efforts to push exports have been the cause of tension for the Indian edible oil refining industry
30,000 tonnes of palm oil stuck at Indian ports after curbs on Malaysia
In a typical year, India relies on imports for almost all of its supply of the vegoil used in everything from soap to cookies
 "30,000 tonnes of palm oil stuck at Indian ports after curbs on Malaysia")
A lesson to learn: Economic problems can have counter-intuitive solutions
From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan
