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Indian Palm Oil Imports

Shivraj Singh urges states to prioritise oil palm plantation under NMEO-OP

Agriculture Minister Shivraj Singh Chouhan on Monday urged state governments to prioritise oil palm plantation targets under the NMEO-OP scheme by addressing bottlenecks and mobilizing available resources. The National Mission on Edible Oils - Oil Palm (NMEO-OP) was launched in August 2021, with the primary objective of enhancing domestic production of palm oil and reducing reliance on imports. The mission aims to bring 6.5 lakh hectares under oil palm plantations by 2025-26. "While significant progress has been made in certain regions, others need to accelerate their efforts," Chouhan said in a statement. The under utilization of allocated funds and delays in achieving plantation targets underscore the urgency for a more focused and coordinated approach, he said. Chouhan emphasized the need for states to prioritize achieving their plantation targets by addressing bottlenecks and mobilizing available resources. With substantial unspent funds under NMEO-OP, the minister urged state

Shivraj Singh urges states to prioritise oil palm plantation under NMEO-OP
Updated On : 06 Jan 2025 | 8:01 PM IST

India's palm oil promise: A 2030 blueprint to reduce import dependence

While palm oil production elsewhere in the world is conducted on large-scale plantations, it is small-scale farmers in India who are the key to boosting production

India's palm oil promise: A 2030 blueprint to reduce import dependence
Updated On : 16 Dec 2024 | 9:02 AM IST

India's veg oil imports likely to decline further in 2024-25, says SEA

Weather has been favourable for Indian crops this year, resulting in higher production of soybean and ground nuts, Mehta said, adding that rapeseed output was also expected to rise

India's veg oil imports likely to decline further in 2024-25, says SEA
Updated On : 07 Nov 2024 | 9:29 AM IST

India's Sept palm oil imports hit 6-month low on price rise, say dealers

The drop in imports of palm oil, soyoil and sunflower oil brought down the country's total edible oil imports by 31 per cent to 1.06 million tons, as per dealers' estimates

India's Sept palm oil imports hit 6-month low on price rise, say dealers
Updated On : 03 Oct 2024 | 2:26 PM IST

Indian refiners cancel palm oil contracts on duty hike, price rise

India, on average, imports 750,000 tons of palm oil every month, and the cancellation of 100,000 tons represents about 13.3 per cent of monthly imports

Indian refiners cancel palm oil contracts on duty hike, price rise
Updated On : 23 Sep 2024 | 3:24 PM IST

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil

The drop in imports of palm and sunflower oils brought down the country's total edible oil imports by 17 per cent to 1.53 million tons

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil
Updated On : 12 Sep 2024 | 3:54 PM IST

India's palm oil output may face winter chill: Malaysian scientist

Harikrishna said that in India winter is the main concern in getting optimum yields as when the temperature drops palms get stressed and start producing male flowers

India's palm oil output may face winter chill: Malaysian scientist
Updated On : 25 Aug 2024 | 10:55 PM IST

'Edible oil imports down 16% to 1.30 mn tonnes on lower palm oil shipments'

India's edible oil imports declined 16 per cent annually in December to 13.07 lakh tonnes due to lower shipments of crude and refined palm oils, according to industry data released on Friday. Solvent Extractors' Association of India (SEA) data showed imports of edible oils fell to 13,07,686 tonnes in December last year from 15,55,780 tonnes in the year-ago period. In the edible oil category, crude palm oil imports decreased to 6,20,020 tonnes from 8,43,849 tonnes, while (Refined Bleached Deodorised) RBD Palmolein's inward shipments slipped marginally to 2,51,667 tonnes from 2,56,398 tonnes. However, imports of crude sunflower oil increased to 2,60,850 tonnes from 1,94,009 tonnes during the period under review. Non-edible oil inward shipments fell to 4,000 tonnes in December last year from 10,349 tonnes in the same month of the previous year. SEA said imports of vegetable oils (edible oils and non-edible oils) in December 2023 fell 16 per cent to 1,311,686 tonnes from 15,66,129 ton

'Edible oil imports down 16% to 1.30 mn tonnes on lower palm oil shipments'
Updated On : 12 Jan 2024 | 3:56 PM IST

India's Dec palm oil imports hit 4-month high as sun oil doubles-dealers

Higher purchases by the world's biggest importer of vegetable oils could help lower palm oil stocks in top producers Indonesia and Malaysia and support benchmark futures

India's Dec palm oil imports hit 4-month high as sun oil doubles-dealers
Updated On : 03 Jan 2024 | 10:47 AM IST

Tripura govt to bring 7K hectares under palm oil cultivation by 2026-27

The Tripura government has set a target of bringing 7000 hectares of land under palm oil cultivation by 2026-27 financial year, a senior minister has said. At present, palm oil plants are cultivated in 56.35 hectares of land in the northeastern state. "To expand palm oil cultivation in the state, digital mapping was done in 2020 by the Indian Council of Agricultural Research (ICAR) and the Indian Institute of Oil Palm Research. In the process, 1,46,364 hectares of land were identified in the state. "Of that, 7000 hectares of land would be brought under palm oil cultivation by 2026-27," Agriculture Minister Ratan Lal Nath said. To tap the potential, the Agriculture department has signed MoUs with Godrej Agrovet Ltd and Patanjali Food Private Ltd under the National Mission on Edible Oil, he said. Nath said Godrej Agrovet Ltd has set up a nursery at Nalkata in Unakoti district. "Godrej Agrovet has also brought palm plants from Andhra Pradesh and planted them on 52.01 hectares of lan

Tripura govt to bring 7K hectares under palm oil cultivation by 2026-27
Updated On : 30 Nov 2023 | 12:36 PM IST

Govt curtails palm oil imports over rising prices, negative margins

Buyers are concerned that the recent price rise may not be sustainable, so they are placing new import orders cautiously

Govt curtails palm oil imports over rising prices, negative margins
Updated On : 23 Nov 2023 | 3:49 PM IST

SEA urges govt to hike duty difference between crude, refined palm oil

Edible oil industry body SEA has demanded that the government should increase the duty difference between crude and refined palm oil to 15 per cent from 7.5 per cent to curb imports of refined cooking oil and protect domestic players. In a letter to its members, Solvent Extractors' Association of India (SEA) President Ajay Jhunjhunwala pointed out that Indian vegetable oil (comprising of edible and non-edible oil) refining industry is "facing challenges". "The Indian edible oil Industry, with a size of Rs 3 lakh crore (USD 35 billion), holds significant importance. Over the last 12 years, Indonesia and Malaysia have imposed higher export taxes on Crude Palm Oil (CPO) compared to refined Oil to protect their refining industry. This has made refined oil cheaper, rendering Indian capacity redundant and unutilized," he said. In India, the duty differential between CPO and refined palm oil has been reduced to 7.5 per cent, "serving the interests of the refining industry in Malaysia and .

SEA urges govt to hike duty difference between crude, refined palm oil
Updated On : 21 Nov 2023 | 3:29 PM IST

Centre reduces import duty on sunflower oil, soyabean oil to 12.5%

The step is consistent with the government's intent to curb the rise in edible oil prices in the country

Centre reduces import duty on sunflower oil, soyabean oil to 12.5%
Updated On : 15 Jun 2023 | 4:13 PM IST

Govt coping with Indonesia's restrictions on palm oil exports: Officials

Last week, Indonesia said it will suspend some palm oil export permits to secure domestic supply as cooking oil prices rise ahead of upcoming Islamic festival Ramadan

Govt coping with Indonesia's restrictions on palm oil exports: Officials
Updated On : 13 Feb 2023 | 3:06 PM IST

India's palm oil imports in Dec jumps 94% YoY to record high for the month

India's palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil's higher discount to rival vegetable oils led refiners to raise purchases

India's palm oil imports in Dec jumps 94% YoY to record high for the month
Updated On : 04 Jan 2023 | 8:13 AM IST

Centre examining proposal to raise tax on import of palm oil: Report

The government has also received petitions from the industry to raise the import tax to help prop up falling oilseed prices, says a source

Centre examining proposal to raise tax on import of palm oil: Report
Updated On : 18 Oct 2022 | 5:13 PM IST

India's palm oil imports rise 18% in Sept, veg oil up 17% MoM: Trade body

India's palm oil imports in September jumped about 18% from the previous month to 1.17 million tonnes, while vegetable oil imports rose about 17% to 1.64 million tonnes, a trade body said on Thursday.

India's palm oil imports rise 18% in Sept, veg oil up 17% MoM: Trade body
Updated On : 13 Oct 2022 | 2:34 PM IST

Indonesia producers trimming palm oil stocks with discounts, India sales

Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, industry officials said

Indonesia producers trimming palm oil stocks with discounts, India sales
Updated On : 20 Sep 2022 | 7:34 AM IST

India's palm oil imports rise marginally to 590,000 tonnes in June: SEA

Total import of vegetable oils (both edible and non-edible oils) remained lower at 9.91 lakh tonnes in June this year from 9.96 lakh tonnes in the year-ago period.

India's palm oil imports rise marginally to 590,000 tonnes in June: SEA
Updated On : 13 Jul 2022 | 3:42 PM IST

India's July palm oil imports may surge to 10-month high as prices plunge

Indonesia's allowance of more exports globally and a reduction of palm oil prices in India have paved the way for a high palm oil import in 10 months

India's July palm oil imports may surge to 10-month high as prices plunge
Updated On : 06 Jul 2022 | 3:51 PM IST