Palm Oil Imports

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.

India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.

India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday.

Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades.

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April, according to the Solvent Extractors' Association (SEA) of India.

Palm oil imports fell by 33.20 per cent to Rs 5,14,022 tonne in May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries

India's May palm oil imports were its highest in seven months as it overcame curbs on Indonesian exports by taking supplies from other nations

India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.

India's palm oil imports could fall 19 per cent to the lowest level in 11 years as soyoil, now cheaper, takes more market share

Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.

Government has said there is sufficient stock of edible oils and it is keeping a close watch on the price and 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

Prices of Vanaspati oil (packed) have gone up by Rs 13 to Rs 16 per kg across cities in the past couple of weeks

Last Friday, Indonesian president Joko Widodo announced the suspension of all cooking oil and raw material exports from April 28 until further orders

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.

India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.

India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday.

Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades.

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April, according to the Solvent Extractors' Association (SEA) of India.

Palm oil imports fell by 33.20 per cent to Rs 5,14,022 tonne in May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries

India's May palm oil imports were its highest in seven months as it overcame curbs on Indonesian exports by taking supplies from other nations

India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.

India's palm oil imports could fall 19 per cent to the lowest level in 11 years as soyoil, now cheaper, takes more market share

Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.

Government has said there is sufficient stock of edible oils and it is keeping a close watch on the price and 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

Prices of Vanaspati oil (packed) have gone up by Rs 13 to Rs 16 per kg across cities in the past couple of weeks

Last Friday, Indonesian president Joko Widodo announced the suspension of all cooking oil and raw material exports from April 28 until further orders

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.