Indian Palm Oil Imports

Last week, Indonesia said it will suspend some palm oil export permits to secure domestic supply as cooking oil prices rise ahead of upcoming Islamic festival Ramadan

India's palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil's higher discount to rival vegetable oils led refiners to raise purchases

The government has also received petitions from the industry to raise the import tax to help prop up falling oilseed prices, says a source

India's palm oil imports in September jumped about 18% from the previous month to 1.17 million tonnes, while vegetable oil imports rose about 17% to 1.64 million tonnes, a trade body said on Thursday.

Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, industry officials said

Total import of vegetable oils (both edible and non-edible oils) remained lower at 9.91 lakh tonnes in June this year from 9.96 lakh tonnes in the year-ago period.

Indonesia's allowance of more exports globally and a reduction of palm oil prices in India have paved the way for a high palm oil import in 10 months

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April

India's palm oil exports in May were its highest in seven months as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea

Indonesia's ban on palm oil exports has refocused attention on the efficacy of the government's policy to boost domestic production

The government on Sunday said the country has sufficient stock of edible oils and it is keeping a close watch on the price as well as supply situation.

India's palm oil imports in May are set to rise above 600,000 tonnes despite the restriction imposed by Indonesia on exports

In March, 550,000 tonnes of palm oil landed in India, up from 454,794 tonnes in February, said a Mumbai-based dealer with a global trading firm

India on Monday allowed imports of refined palm oil until December 2022, the government said in a notification, as the world's biggest vegetable oil buyer tries to bring down edible oil prices.

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

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, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.

For the week ahead, the palm oil prices are expected to head towards Rs 680 per 10 kg

"You have spoken for the justice for Kashmiris, for which we are thankful," Imran Khan said during a joint press conference with his Malaysian counterpart Mahathir

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