Page 3 - Palm Oil Imports

India's July palm oil imports dip over 43% to 4.65 lakh tonne

India's palm oil imports fell 43.55 per cent year-on-year to 4.65 lakh tonne in July due to higher domestic stocks, industry body Solvent Extractors Association (SEA) said on Monday

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

Traders see little impact of edible oil duty cut as global mkts offset move

India is heavily dependent on imports for meeting its domestic edible oil requirements.

India cuts crude palm oil import tax, potentially boosting imports

The lower tax rate will apply from June 30 to September 30, the government said

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.

India May palm oil imports nearly doubles, soyoil jumps - trade body

India's sunflower oil imports rose 31% to 175,759 tonnes in May, it added.

Govt considering edible oil import tax cut to lower prices, says report

The government will make a final decision to cut the taxes sometime this month

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

India's crude palm oil import surges 45% in January: Trade body

India's crude palm oil imports in January jumped 44.99 per cent, the Solvent Extractors' Association of India (SEA) said on Friday

Palm oil demand will be limited if prices continue to rise: Report

If it does, benchmark palm oil prices are likely to jump to as high as 4,000 ringgit per tonne in January

India cuts import tax on crude palm oil to 27.5% as food prices rise

India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

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

Refiners have been slashing palm oil imports for winter

India's August palm oil imports drop 14% as Covid hit demand: Trade group

India's palm oil imports in August dropped 13.9% from a year earlier to 734,351 tonnes, a leading trade body said, due to a sluggish recovery in demand as local coronavirus cases continued to rise

Industry association urges govt to allow import of only crude palm oil

Edible oil industry body SEA on Thursday said it has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade

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.

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.