Page 5 - Palm Oil

SEA wants Centre to restrict import of refined palm oils to save local biz

After a long time, domestic oilseeds have started selling above minimum support price (MSP) and improving farm incomes

India's series of interventions arrest domestic spike in palm oil prices

Widely used in edible oil blending, cosmetics, processed food products, palm oil's prices on Bursa Malaysia Derivatives is considered to be the global benchmark among trade circles

Year In Review: Diluting green norms may derail India's climate goals

In 2021, the govt pushed renewables to meet its updated climate aims, but also came up with plans to clear forests and reduced scrutiny of polluting units that could cause further environmental damage

Duty cut could lift India's refined palm oil imports, dent CPO purchases

Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia but hurt refiners in India

Govt slashes import duty on refined palm oil to 12.5% to cool retail prices

The government has reduced the basic customs duty on refined palm oil to 12.5 per cent from 17.5 per cent till March next year to boost supplies and bring down rates in domestic retail markets

Govt cuts import duty on refined palm oil to 12.5%

The revised Basic Customs Duty (BCD) will be effective till the end of March 2022

Traders can import refined palm oil without licence till end of 2022: Govt

It, however, added that the import is not permitted through any port in Kerala

Of 2.8 mn hectares, 58% potential oil palm acreage lies in 5 states: ICAR

According to officials, the new mission plans to raise oil palm cultivation to one million hectares by 2025-26 and 1.7-1.8 million hectares by 2029-30.

58% of potential oil palm acreage identified in five states: ICAR study

Govt says ICAR analysis shows oil palm requires less water than rice, banana and sugarcane; large-scale deforestation a concern

Top buyer India to favour Malaysian palm oil as Indonesian prices rise

India is likely to buy more Malaysian palm oil after export levies imposed by top producer Indonesia hit record highs in the past year

Britannia Q2 net down 23% due to rising palm oil, fuel prices

The company's cost of materials increased 8% from Rs 1,768 crore in Q2FY21 to Rs 1,915 crore in the corresponding quarter of FY22

Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil

Move might impact farmers' realisation when kharif harvest is on, say industry players

Northeastern region to turn into oil palm hub of India: Tomar

The Union minister emphasised playing an equal role for the development of the crop and assured to make major investments

Duty cut lifts India's palm oil imports in Sept to a record 1.4 mn tonnes

Higher purchases by India, the world's biggest buyer of vegetable oils, could support palm oil prices that are trading near a record high hit earlier this week.

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.

Trading orangutans for palm oil

Palm oil can be guaranteed to cause some degree of environmental degradation, wherever it is cultivated

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