Page 3 - Palm Oil
India's palm oil imports to jump 9% on rising demand, lower prices
Higher palm oil imports would lift India's total edible oil imports to 14.1 million tonnes in 2022/23 from 13.8 million tonnes, the survey showed
 "India's palm oil imports to jump 9% on rising demand, lower prices")
Indonesia producers 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, industry officials said
 "Indonesia producers trimming palm oil stocks with discounts, India sales")
Patanjali to grow oil palm on 38,000 hectares in nine Arunachal districts
Firm lays foundation stone for oil palm mill in the state where already has two nurseries and plans three more
 "Patanjali to grow oil palm on 38,000 hectares in nine Arunachal districts")
India committed to importing 2.6 mn tonnes of palm oil products: Indonesia
India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday
 "India committed to importing 2.6 mn tonnes of palm oil products: Indonesia")
TMSEp236: Airfare cap, aircraft maintenance, edible oil stocks, flag code
How will removal of caps on airfare affect ticket prices? Why's aircraft maintenance sector in dire straits? Will edible oil stocks run out of steam? What is the Tricolour's flag code? Answers here
 "TMSEp236: Airfare cap, aircraft maintenance, edible oil stocks, flag code")
To achieve self-sufficiency in oilseeds, pulses govts must assure purchase
Though there has been an increase in acreage and production of these items, there hasn't been a big reduction in paddy and wheat acreage
 "To achieve self-sufficiency in oilseeds, pulses govts must assure purchase")
Asian palm buyers replenish inventories as prices correct to one-year low
It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeezed farmer's incomes.
 "Asian palm buyers replenish inventories as prices correct to one-year low")
Edible oil prices will soften by Rs 15/litre in a few weeks: Industry
Decision arrived at today during a meeting between industry players & officials
 "Edible oil prices will soften by Rs 15/litre in a few weeks: Industry")
India's palm oil imports dip 33% in May to 514,022 tonne, says SEA
India, the world's leading vegetable oil buyer, imported 7,69,602 tonnes of palm oils in May 2021
 "India's palm oil imports dip 33% in May to 514,022 tonne, says SEA")
Malaysian firms forgoing billions in sales amid migrant labour shortage
Manufacturers, who make up nearly one-fourth of the economy, fear losing customers to other countries as growth picks up
 "Malaysian firms forgoing billions in sales amid migrant labour shortage")
Indonesia issued around 302,000 tonnes of palm oil export permits: Official
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
India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises
MUMBAI (Reuters) -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.
 "India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises")
'Enough to meet local demand': Malaysia rules out cooking oil export ban
Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.
FMCG, paint companies feel the pain as rupee slides to an all-time low
The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes
 "FMCG, paint companies feel the pain as rupee slides to an all-time low")
Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%
CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each
 "Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%")
Indonesia to lift palm oil export ban, likely giving India 'big relief'
Indonesia's prohibition was one of the biggest acts of crop protectionism since Russia's invasion of Ukraine in February.
Top headlines: SC's verdict on GST; Indonesia to lift palm oil export ban
Business Standard brings you the top headlines on Thursday
 "Top headlines: SC's verdict on GST; Indonesia to lift palm oil export ban")
Indonesia to lift palm oil export ban from Monday, says President
The lifting of the ban came after hundreds of farmers rallied to protest the move, saying their incomes have suffered because prices of their fresh fruit bunches plunged
Indonesian export ban brings India's edible oil dependency back in focus
Indonesia's ban on palm oil exports has refocused attention on the efficacy of the government's policy to boost domestic production
Indonesia's economy grows 5.01% in Q1 despite global prices turbulance
The growth was in line with the prediction made by Indonesia's Minister of Finance Sri Mulyani Indrawati that the country's economy would grow on average 5 per cent year-on-year
 "Indonesia's economy grows 5.01% in Q1 despite global prices turbulance")
