Page 6 - Palm Oil

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

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.

Palm oil prices fall most in nearly a month due to technical selling

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

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

Indonesia's palm oil-powered 'green diesel' fuels threat to forests

State energy company PT Pertamina last month started trials on the so-called "green diesel" after conducting tests with jet fuel late last year

Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critic

The producers of palm oil, grown primarily in Indonesia and Malaysia, are accused of clearing vast areas of biodiversity rich rainforests in Southeast Asia and exploiting migrant workers

US bans shipments from second Malaysian palm oil giant over forced labour

The US said it will ban all shipments of palm oil from one of the world's biggest producers after finding indicators of forced labour and other abuses

US slaps imports ban on second Malaysian palm oil giant over forced labour

The order was announced just three months after the federal government slapped the same ban on another Malaysian palm oil giant, FGV Holdings Berhad

Covid-induced spike in palm oil prices to aid Godrej Agrovet's profits

The segment was a key driver of revenues and margins in the September quarter

After festive season, price hikes: Everyday items may get out of reach

Commodity inflation to hurt consumers and businesses. Property developers may hold price lines, but others may not

India's vegetable oil imports dip 13% on sluggish demand in 2019-20: Data

In 2019-20, India's palm oil imports fell 23.3% to 7.22 million tonnes

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

Refiners have been slashing palm oil imports for winter

US says it will block palm oil from Malaysian producer over forced labour

FGV issued a statement over the weekend outlining its commitment to human rights, including steps it was taking to make sure its workers have access to their passports and wages

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

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

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.

Indian palm oil demand dips as food sector, households seek alternatives

The impact of the shuttered food courts and street vendors is compounded by reduced demand at retail stores

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.