PALM OIL IMPORTS
India's vegetable oil imports up 18% in June to 15.5 lakh tonnes In June, India's vegetable oil imports rose 18% to 15.5 lakh tonnes, led by crude palm and sunflower oils. Edible oil imports hit 15.27 lakh tonnes, non-edible 23,178 tonnes. Year-to-date, total imports fell 2%, refined oils 2%, crude oils 3%. Palm ...
11 Jul, 2024, 06.47 PM ISTIndia June palm oil imports rise about 3% MoM India's palm oil imports rose 3% in June to 786,134 metric tons, while soyoil imports fell nearly 15% to 275,700 tons and sunflower oil imports increased 13.4% to 465,647 tons. Total vegetable oil imports grew 1.4% to 1.6 million tons, according to ...
11 Jul, 2024, 03.17 PM ISTIndia's June palm oil imports rise to 6-month high on lower prices India's palm oil imports rose in June due to strong demand before festivals. Refiners played a key role, potentially impacting Malaysian palm oil futures. Sunvin Group highlighted palm oil's competitive pricing. The country's edible oil imports incr...
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No new duty concessions for milk, milk products imports: DGFT India has strictly limited milk and milk product imports under tariff rate quotas (TRQs) in accordance with WTO commitments. Santosh Sarangi, director general of foreign trade, confirmed that no TRQ imports are planned for the current year. TRQ impo...
01 Jul, 2024, 07.50 PM ISTIndia allows imports of corn, vegetable oils at concessional duty India has decided to permit restricted imports of corn, milk powder, crude sunflower oil, and refined rapeseed oil with concessional duty. As the largest global importer of vegetable oils, India will allow imports totaling 150,000 metric tons each o...
26 Jun, 2024, 09.41 PM ISTIndia buys record amount of sunflower oil as Ukraine-Russia fight for market share cuts price Indian buyers purchased a record 500,000 metric tons of sunflower oil in June due to competitive pricing against soyoil and palm oil from leading suppliers Russia and Ukraine. The war has lead to reduced inventories in the Black Sea region. The lowe...
24 Jun, 2024, 05.45 PM ISTIndia's May Palm oil imports jump 74 pc on rising demand India's palm oil imports surged 74% to 7,63,300 tonnes in May from 4,39,173 tonnes as the world's largest vegetable oil buyer stocked up to meet rising domestic demand, according to Solvent Extractors Association.
13 Jun, 2024, 02.56 PM ISTIndia's May palm oil imports hit 4-month high on competitive prices India's palm oil imports surged by 11.6% in May compared to the previous month, reaching the highest level in four months, driven by its competitive pricing relative to rival oils, according to a statement by the Solvent Extractors' Association of I...
13 Jun, 2024, 01.10 PM ISTIndia's April palm oil imports jump 34 pc on lower global prices India's palm oil imports rose 34.11% to 6,84,000 tonnes in April, led by lower global prices. Vegetable oil imports, including RBD palmolein and CPO, surged. Soybean and sunflower oil prices also fell, driving higher imports.
15 May, 2024, 12.53 AM ISTClimate disruptions, biofuel policy again turn the heat on edible oil Going by some recent developments around the world, edible oil trade agreements should have a provision for climate-related disruptions also.
04 May, 2024, 10.35 AM ISTIndia's March palm oil imports drop to 10-month low as sunoil jumps Imports of soyoil rose 26.4% to 218,604 tons, those of sunflower oil were up about 50% at 445,723 tons, while total vegetable oil imports gained over 23% to 1.2 million tons, the Solvent Extractors' Association of India (SEA) said.
11 Apr, 2024, 01.22 PM ISTIndia's sunoil imports hit second-highest level as palm oil retreats India's sunflower oil imports surged by 51% in March, hitting the second-highest level on record, driven by lower prices prompting refiners to increase purchases and reduce buying of palm oil. This shift could cap the rally in palm oil futures, whil...
02 Apr, 2024, 03.12 PM ISTShrinking global palm oil supplies bring India’s palm oil imports down; may boost prices, says SEA The year-on-year import of vegetable oils in February 2024 is down by 13 %, whereas the overall imports of vegetable oils during the first four months of the oil year from November 2023 to February 2024 are down by 21%, said SEA in a statement.
13 Mar, 2024, 05.25 PM ISTIndia's palm oil imports plunge to 9-month low in February; sunflower oil rises Lower purchases by India, the world's biggest importer of vegetable oils, could weigh on benchmark Malaysian palm oil futures, but will help to reduce sunflower oil inventories in the Black Sea region.
05 Mar, 2024, 01.03 PM ISTIndia likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm, said India's soyoil imports will rise to 4.3 million metric tons in the 2023/24 marketing year from 3.5 million tons in 2022/23.
04 Mar, 2024, 12.29 PM ISTIndia's cooking oil imports in Jan down by 28% y-o-y, says SEA Increase in international prices of palm oil and the upcoming harvest of mustard crop are some of the other reasons that led to cut in the country’s cooking oil imports. According to SEA, import of cooking oil in January 2024--reported at little mor...
12 Feb, 2024, 09.10 PM ISTIndia's January palm oil imports drop 12.4% m/m: Trade body Imports of soyoil rose 23.7% to 188,859 tons, those of sunflower oil were down about 15.6% at 220,079 tons, while total vegetable oil imports fell 8.4% to 1.20 million tons, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a s...
12 Feb, 2024, 02.13 PM ISTIndia's January palm oil imports hit 3-month low as soyoil shipments rise -dealers India's palm oil imports fell to a three-month low in January as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO). Lower purchases by India, the world's biggest importer of vegetable oils, could kee...
05 Feb, 2024, 01.51 PM ISTIndia's sunoil imports to falter as Red Sea attacks lift freight costs India's sunflower oil imports are set to decline as prices rally due to increased freight rates. Buyers are shifting to rival vegetable oils available at a discount. Recent Houthi attacks have compelled shipping companies to reroute trade, increasin...
23 Jan, 2024, 04.16 PM ISTIndia keeps edible oil import duty lower until March 2025, imposes 50% export tax on molasses India has extended lower import duty on edible oil by a year until March 2025, extending the lower duty structure on crude palm oil, crude sunflower oil, and crude soy oil. The decision was expected to keep prices in check ahead of elections. The go...
16 Jan, 2024, 10.29 AM IST