Page 4 - Palm Oil

India's palm oil imports to drop 9% as farmers expand oilseeds area

PANAJI, India (Reuters) - India's palm oil imports in 2021/22 are likely to drop 9% from a year earlier on a rise in domestic supplies, as farmers expand the area planted with oilseeds in response to record high prices, a leading industry analyst told Reuters.

Trading orangutans for palm oil

Palm oil can be guaranteed to cause some degree of environmental degradation, wherever it is cultivated

Cabinet approves new palm oil mission with MSP-type benchmark assured price

The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.

Patchy Indian monsoon set to cheer palm traders 3,000 miles away

The world's second-most populous nation, where eating fried food is a national tradition, depends on overseas suppliers for as much as 70% of its edible oil needs

Why did previous attempts to boost domestic oil palm production fail?

Massive forest loss and impact on wildlife, long gestation, small farm holdings among hurdles to cultivation

Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm

The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years

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

PM announces Rs 11,000 cr plan to make India self-sufficient in edible oil

Targets to raise domestic palm oil production three times to 1.1 mn tonnes by 2025-26

Why traders are upset over govt response to rising pulse,edible oil prices

The slash in import duties on crude palm oil has been negated by price rise in global markets, stock holding limits on pulses are self-defeating, say industry players

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