Page 2 - Palm Oil

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.

'Enough to meet local demand': Malaysia rules out cooking oil export ban

Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.

FMCG, paint companies feel the pain as rupee slides to an all-time low

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes

Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%

CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each

Indonesia to lift palm oil export ban, likely giving India 'big relief'

Indonesia's prohibition was one of the biggest acts of crop protectionism since Russia's invasion of Ukraine in February.

Top headlines: SC's verdict on GST; Indonesia to lift palm oil export ban

Business Standard brings you the top headlines on Thursday

Indonesia to lift palm oil export ban from Monday, says President

The lifting of the ban came after hundreds of farmers rallied to protest the move, saying their incomes have suffered because prices of their fresh fruit bunches plunged

Indonesian export ban brings India's edible oil dependency back in focus

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

Indonesia's economy grows 5.01% in Q1 despite global prices turbulance

The growth was in line with the prediction made by Indonesia's Minister of Finance Sri Mulyani Indrawati that the country's economy would grow on average 5 per cent year-on-year

WTO: India raises concerns over trade barriers built in by Indonesia

Indonesia last week banned the export of crude and refined palm oil amid global shortage of the edible oil

Wheat in surplus for entire year in India, farmers given good prices: Govt

Sudhanshu Pandey, Secretary, DFPD said that due to higher market prices, a large quantity of wheat was being bought by traders at a higher rate than MSP, which was good for the farmers

Indonesia industry body confident palm oil export ban could end in May

He added that a palm oil export target of 34 million tonnes in 2022 would be met

India braces for sharp rise in edible oil rates, but spike could be short

Indonesia has banned palm oil exports, but it has to liquidate stockpile and demand could be met from other sources.

Your shopping bill to get even higher. Blame Indonesia's palm oil ban

The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.

Tech view: Will Indonesia's palm oil export ban hurt HUL, Adani Wilmar?

Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.

Coca-Cola results exceed expectations on higher prices, stable demand

Analysts and companies have warned that demand could slow as the Ukraine war and Indonesia's ban on palm oil exports result in higher global food prices

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

Palm oil export ban will hurt other countries, but necessary: Indonesia FM

Sri Mulyani Indrawati said that with demand exceeding supplies, the ban announced is "among the harshest moves" the government could take after previous measures failed to stabilize domestic prices

Soyoil prices surge to record high as Indonesia bans palm oil exports

Loss of shipments from Ukraine, the world's top supplier of sunflower oil, and drought in the world's top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices

Hike import duty gap between crude and refined palm oil: Industry

India's 60 per cent of the edible oil requirement is met through imports