PALMOIL
Price tags for most daily essentials will fall in next few months
These pricing actions are part of an all-out effort by the companies to improve volume sales which is crucial for the industry to expand their sales. The industry is expecting volumes to grow significantly from March-April onwards with lower and stable pricing, increased government spending ahead of general elections, and higher farming income aiding the recovery process. For FMCG, it is also to fight the increased competition from regional brands.
View: The squeeze on India’s spenders is yet to lift
Consumer demand in India has been moderating since August 2021. Village households, many of which had to liquidate their gold holdings and other assets to treat Covid-19 patients during that summer’s lethal delta outbreak, were not in a mood to spend even after the surge in deaths and hospitalization ebbed.
Atul Chaturvedi elected as first chairman of Asian Palm Oil Alliance
The APOA alliance is initiated by the apex solvent extractors associations of India, Pakistan, Sri Lanka, Bangladesh and Nepal. In the coming year, the membership would be further expanded to include other select companies or industry organisations operating in the production and/or refining of palm oil in Asia.
An old-money billionaire rises up against Gautam Adani
Kumar Mangalam Birla comes from old money, unlike Adani, a first-generation entrepreneur. His great-grandfather, who diversified from textile trading to jute manufacturing and a lot else besides, was a confidante of Mahatma Gandhi’s during India’s freedom struggle.
A global stock trader’s guide to navigating food protectionism
Profit estimates of global exporters like Singapore-listed Wilmar International Ltd. and Hong Kong’s WH Group Ltd. are on the rise while popular donut chain Krispy Kreme Inc. may take a hit from rising wheat prices.
Feed the world? India has a chapati crisis brewing at home
Around mid-April, Prime Minister Narendra Modi promised U.S. President Joe Biden that India could feed the world. If the World Trade Organization allowed it, “India is ready to supply food stocks to the world from tomorrow,” Modi said, recalling the conversation.
- Go To Page 1
Food prices hold near record as Ukraine war upends trade
Russia’s invasion has brought down exports from Ukraine to a trickle, curbing supplies from one of the world’s biggest grain and vegetable oil shippers.
Wheat jumps most in three weeks as India weighs export limits
The grain flow disruptions, combined with a fertilizer shortage and bad weather in key crop regions, are raising the threat of severe food shortages.
A new negotiating agenda: How India could address issues of sustainable development in trade negotiations
Creativity and pragmatism must guide India’s endeavour in negotiating a full array of tools to shape sustainable trade outcomes. An appropriately tailored Trade and Sustainable Development chapter in India’s Free Trade Agreements could be a force for good and should not be opposed without due consideration.
What Nutella teaches us about global supply chain risks
Nutella is only one of many reminders that multinational supply chains are at the heart of global struggles like the fight against climate change and the drive to stamp out human-rights abuses.
Six reasons Asia's oil refiners aren't going away anytime soon
The speedy adoption of technologies such as electric vehicles is causing the biggest shock to the oil industry in half a century and navigating a way through the changes that have already begun won’t be easy. There are likely to be far fewer oil refineries in the second half of the century and the ones that survive will need to adapt rapidly.
India allots import licences for 1.1 mn tonnes of refined palmolein from Indonesia: Sources
India put refined palm oil and palmolein on the list of restricted items on Jan. 8, a move sources said was retaliation against top supplier Malaysia after its criticism of actions in Kashmir and CAA. The move prompted traders to seek permission from DGFT to import refined palmolein, and the commerce ministry's wing received more than 100 applications for licences.
Agri-commodity basket jumps, mentha futures rally
Mentha for August delivery is heading for its highest weekly gain of 6.6% in last one year.
El Nino’s return may increase food prices in Asia; policy makers bracing for damages
“Anything that pushes food prices materially higher in Asia has the potential to be a headache for central banks,” said Mark Walton.
Britannia gains 12% intraday; brokerages advise to 'buy' the stock post strong Q4 results
Brokerages have raised EPS and target price on Britannia Industries on the back of strong performance in previous quarter.
Britannia rallies as PAT surges 55% in Q4FY15
Shares of Britannia Industries surged over 11% in intraday trade on the back of strong numbers for quarter ended March 2015.
Industrial oils dip on weak demand
Meanwhile, groundnutoil, refined palmoil and linseed oil maintained stable trend in the absence of any worthwhile buying activity.
Industrial oils weaken on subdued demand
Meanwhile, groundnutoil, refined palmoil and linseedoil held steady in the absence of any large scale buying activity.
Groundnut oil prices decline on lower demand
Groundnut oil prices declined further in an otherwise listless oils and oilseeds market today due to lower demand from stockists.
Chill to bring warmth to farm output, may cool inflation
The icy winter in north India, along with morning dew and sunny conditions in rural areas, have sown the seeds for bumper harvests.
Speculation of better US soya crop pushes palm oil to 6 week low
Palm oil tumbled to the lowest in six weeks on speculation that rain in the US will help soya bean crops damaged by the worst drought in more than 50 years.
Malaysia may amend palm oil tax policy
Malaysia needs to reform the industry's tax structure to counter new rates in Indonesia that improved the competitiveness.
MSP for Kharif crops hiked by 8-19%, bonus set to come later
The govt has increased the minimum support prices for the kharif season by 8% to 19% to incentivise farmers and compensate for higher input costs.
Govt coins kharif support prices; focus on oilseeds
Govnment turns focus on oilseeds while coining kharif support prices; could have to announce bonus later.
Tata Chemicals acquires 25% in Gabon Urea project
Tata Chemicals, the salt and soda ash arm of the Tata Group, on Monday said it will acquire 25% stake in a urea fertiliser project at Gabon in Africa, for $290 million.
Select edible oils maintain upward trend on festive demand
In a mixed pattern of trading, select edible oils continued their upward march for the second straight week on the wholesale oils and oilseeds market largely on pick up in demand from vanaspati units.
India becomes largest Coconut producer
India has emerged as the largest producer of Coconut in the world, producing 1584 crore nuts in 2006-07, pushing Indonesia and Phillipines to the second and third spots respectively, a top official said today.
'Import duty cut on edible oil to hit Kerala'
The Centre's decision to slash the import duty on edible oils including palm oil is likely to hit thousands of coconut farmers in Kerala.
Load More
