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Crude Palm Oil
What is Crude Palm Oil?
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Latest Updates on Crude Palm Oil
'Edible oil imports down 16% to 1.30 mn tonnes on lower palm oil shipments'
India's edible oil imports declined 16% annually in December to 1.30 mn tonnes due to lower shipments of crude and refined palm oils, according to industry data released on Friday
 "'Edible oil imports down 16% to 1.30 mn tonnes on lower palm oil shipments'")
Palm oil imports jump 29% to 9.08 mn tonnes in Nov-Sept of 2022-23: SEA
The SEA also noted that per capita consumption has increased with falling domestic edible oil prices in recent months
 "Palm oil imports jump 29% to 9.08 mn tonnes in Nov-Sept of 2022-23: SEA")
Indonesia may strive to corner 60% of India's palm oil markets: Official
Global palm Oil prices seen stabilizing around $1000-$1100 per tonne due to low pdtn
 "Indonesia may strive to corner 60% of India's palm oil markets: Official")
Edible oil imports surge 35% in Aug as share of Russia, Argentina rises
RBD palmolein now constitute 12% of total imports of edible oils against 2% last year
 "Edible oil imports surge 35% in Aug as share of Russia, Argentina rises")
Govt slashes base import price of palm oil; raises rate of soyoil
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
Decoded: What is windfall tax on oil companies and where does India stand?
If a windfall tax is imposed in India, it will not only be aimed at private companies like Reliance, but also at state-owned behemoths
 "Decoded: What is windfall tax on oil companies and where does India stand?")
Indonesian crisis could spur focus on boosting local edible oil production
However, achieving self-sufficiency in edible oil will remain a distant dream unless drastic policy measures are taken
Indonesian palm oil export ban a concern but impact to be transitory: FMCGs
Indian FMCG players have said they are concerned about Indonesia's move to ban exports of palm oil, though some of them expect the decision is likely to have only transitory impacts
 "Indonesian palm oil export ban a concern but impact to be transitory: FMCGs")
Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export
This could also be beneficial to the Indian local refining industry as any move to curb import of refined oils boosts domestic oilseeds crushing and refining
 "Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export")
India's bulk diesel buyers rush to cheaper retail outlets after price hike
The surge in diesel sales is putting pressure on India's logistics and supply infrastructure, according to Reliance
 "India's bulk diesel buyers rush to cheaper retail outlets after price hike")
Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply
Palm oil's record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from spiralling fuel and food costs, and force them to curtail consumption and shift
Duty cut could lift India's refined palm oil imports, dent CPO purchases
Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and Malaysia but hurt refiners in India
Display edible oil prices; act against hoarding: Centre tell states
Amid edible oil prices continuing to remain high, the Centre on Friday asked states to direct retailers to prominently display the prices of all edible oil brands for the benefit of consumers and also take action against hoarding at the level of wholesalers, millers and refiners.
 "Display edible oil prices; act against hoarding: Centre tell states")
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
 "Why did previous attempts to boost domestic oil palm production fail?")
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
 "Why traders are upset over govt response to rising pulse,edible oil prices")
India cuts crude palm oil import tax, potentially boosting imports
The lower tax rate will apply from June 30 to September 30, the government said
Budget: Edible oil industry welcomes agriculture development cess
The edible oil industry on Monday welcomed the announcement of agricultural development cess and the increase in import duty of crude palm oil in the Union Budget 2021-22
 "Budget: Edible oil industry welcomes agriculture development cess")
Govt cuts import duty on crude palm oil to 27.5% effective Nov 27
The government on Thursday reduced the basic customs duty on crude palm oil to 27.5 per cent, a move that would increase availability of the commodity in the domestic market.
India cuts import tax on crude palm oil to 27.5% as food prices rise
India imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
Industry association urges govt to allow import of only crude palm oil
Edible oil industry body SEA on Thursday said it has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade
 "Industry association urges govt to allow import of only crude palm oil")
