Palm Oil Imports
India's edible oil imports up 12% to 1.098 million tonnes in February
India's edible oil imports rose 12 per cent year-on-year in February to 10.98 lakh tonnes on higher imports of crude palm oil, according to industry body SEA. In a statement, the Solvent Extractors' Association of India (SEA) on Wednesday said that edible oil imports rose to 10,98,475 tonnes in February from 9,83,608 tonnes in the year-ago period. Imports of non-edible oil fell to 16,006 tonnes in February from 36,389 tonnes in the same month last year. Total imports of vegetable oils (edible oils and non-edible oils) went up 9 per cent to 11,14,481 tonnes in February this year from 10,19,997 tonnes a year ago. During November 2022 to February 2023 period, imports of edible oils rose to 58,44,765 tonnes from 45,91,220 tonnes in the corresponding period of the previous oil marketing year. Oil marketing year runs from November to October. Imports of non-edible oils fell to 43,135 tonnes in the first four months of 2022-23 oil year from 99,938 tonnes in the year-ago period. Total i
 "India's edible oil imports up 12% to 1.098 million tonnes in February")
India considers raising palm oil import tax to help rapeseed farmers
The increase in the tax on palm oil could lift local prices, making the tropical oil a little less competitive than rival soyoil and sunflower oil
 "India considers raising palm oil import tax to help rapeseed farmers")
Govt coping with Indonesia's restrictions on palm oil exports: Officials
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 Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body
Imports of soyoil gained 10.1% to 252,525 tonnes while sunflower oil imports jumped 23% to 194,009 tonnes, a release said
 "India's Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body")
India's palm oil imports in Dec jumps 94% YoY to record high for the month
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
 "India's palm oil imports in Dec jumps 94% YoY to record high for the month")
Govt allows import of lentils, vegetable oil at lower duty until March 2024
India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months
 "Govt allows import of lentils, vegetable oil at lower duty until March 2024")
India extends policy to import refined palm oil at lower duty of 13.75%
The duty cut made refined palm oil imports lucrative for Indian refiners, which traditionally prefer to import crude palm oil
India raises base import price of palm oil, gold as prices surge globally
India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold
 "India raises base import price of palm oil, gold as prices surge globally")
India's palm oil imports jumed 29% to 1.14 million tonnes in Nov: Report
Higher imports by India, the world's biggest palm oil buyer, would help top producer Indonesia cut its inventories and support benchmark Malaysian palm oil prices
India's palm oil imports dip 4.8% in 2021/22, soyoil overseas buying up 45%
The country's palm oil imports in the marketing year ended on Oct. 31 fell to 7.9 million tonnes
Centre examining proposal to raise tax on import of palm oil: Report
The government has also received petitions from the industry to raise the import tax to help prop up falling oilseed prices, says a source
Top headlines: Govt hikes MSP on wheat, mustard; Binny new BCCI President
With the hike, the new MSP of wheat will be Rs 2,125 per quintal as against RS 2,025 per quintal earlier
 "Top headlines: Govt hikes MSP on wheat, mustard; Binny new BCCI President")
India palm oil imports jump to 1-year high in September as discounts widen
The September imports jumped 18% from a month ago to 1.17 million tonnes, the highest since last September, the Solvent Extractors' Association of India, a trade body based in Mumbai, said
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")
Edible oil imports surge 35% in Aug as share of Russia, Argentina rises
RBD palmolein now constitute 12% of total imports of edible oils against 2% last year
 "Edible oil imports surge 35% in Aug as share of Russia, Argentina rises")
India's July palm oil imports may surge to 10-month high as prices plunge
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'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")
India's palm oil imports in May drop 10% as Indonesia curbs exports
India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April
 "India's palm oil imports in May drop 10% as Indonesia curbs exports")
India's May palm oil imports surge to 7-month high despite Indonesia's ban
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
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.
