Palm Oil News
The retail prices of packed mustard oil which were above Rs 200 per litre in March 2022 are now around Rs 184 per litre
The archipelago nation issued the ban last month to secure supplies of the commodity, used in a range of goods from chocolate spreads to cosmetics, in the face of a domestic shortage
With an average requirement of 300 litres of water per tree per day, oil palm plantations are heavy water guzzlers, that result in a huge loss of natural habitat, biodiversity and wildlife
Riddled with environmental concerns, India's palm oil supply chain needs to look at sustainable options
Over 90 percent of the palm oil imported by India comes from Malaysia and Indonesia where environmental concerns associated with the production are routinely highlighted. Indian companies are making efforts towards a sustainable supply chain of palm oil.
Each person in G7 nations accounts for, on average, the loss of four trees somewhere else in the world per year.
World Environment Day: Data shows the world has lost a Switzerland-size area of primary rainforest in 2019
In order to stop deforestation, researchers say emphasis must be placed on changing the incentives driving forest loss on a domestic, local level.
Malaysia to strengthen trade ties with India after palm oil purchases resume after gap of four months
Malaysia voiced its commitment to further strengthen diplomatic and trade ties with India, after the world’s largest edible oil buyer renewed purchases of Malaysian palm oil, in a sign of improving relations between the two countries
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said
Malaysia signs record rice import deal with India after rival suppliers restrict exports; shipment may rise this year
India is now offering white rice for around $390-$400 per tonne compared with more than $450 for other countries, exporters said.
Govt suspends 39 import licenses for refined palmolein after surge in duty-free imports in Nepal, Bangladesh: Report
India, the world’s biggest importer of edible oil, put refined palm oil and palmolein on a list of restricted items on 8 January, although New Delhi later issued licences to import more than 1.1 million tonnes of refined palmolein.
Malaysia says relations with India to improve after New Delhi lifts import duty on palm oil; to send a delegation
India has been the biggest buyer of Malaysian palm oil for five years, but imports trickled to a halt after it restricted imports of refined palm and informally asked traders to avoid Malaysian palm.
Malaysia's sugar purchases from India hit record amid diplomatic spat; shipment to help reduce stockpiles
The record-buying could also help India, the world’s biggest producer of sugar, to cut stockpiles that are squeezing domestic prices.
Malaysia aims to resolve palm oil trade dispute with India within a month; to send a delegation soon to improve ties
After India’s January curbs on imports of refined palm oil from Malaysia, traders had also held off on buying its crude palm oil.
The ousting of Malaysia’s former prime minister Mahathir Mohamad, whose criticisms of India’s policies in Kashmir damaged palm oil trade between the nations, has kindled hopes among Malaysian exporters for a rapid restoration of ties
Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak
A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures.
The second biggest buyer of Malaysian palm oil, China, bought just 2.4 million tonnes last year, while the third largest buyer was Pakistan with 1.08 million tonnes, according to data from the Malaysian Palm Oil Council.
Palm oil prices to climb 17.9% in 2020 on tight supplies, biodiesel programmes; trade disputes to hit exports: Poll
Benchmark palm oil prices will average 2,650 ringgit ($650.80) a tonne in 2020, up from 2,248 ringgit last year, according to the median estimate from a poll of 18 analysts and industry players.
India this month effectively halted palm oil imports from its largest supplier and the world’s second-biggest producer in response to comments from Mahathir attacking India’s domestic policies.
India's import of palm oils declined by 8.64 percent to 7,41,490 tonnes in December 2019, Industry body Solvent Extractors Association (SEA) said on Thursday
Kashmir row: India plans to cut some imports from Turkey; likely to widen curbs on more products from Malaysia
The government is also planning to cut imports of oil and steel products from Turkey.