NEW DELHI, Jan 14 India imported 402,797 tonnes of crude palm oil (CPO) from Malaysia last month about 20 per cent more compared to November 2020 as the import duty reduction boosted Indian purchases. Overall, India’s edible oil imports in December exceeded 1.3 million tonnes, comprising.
January 12, 2021
The demand for chicken meat has dropped by 15-20% - The Hindu×
Poultry owners not ordering feed owing to space constraint: expert
Maize and soya farmers fear that the bird flu outbreak will bring down the market price of their produce drastically with experts predicting distress sale as demand from the poultry industry is likely to come down in the next few days. The poultry industry is the main consumer of soya and maize and many private poultry players have a direct contract with farmers for supply of feed.
“Poultry and farmers have developed an integrated system and a supply chain. The bird flu scare has started impacting soya and maize demand. The demand for chicken meat has dropped by 15-20 per cent and poultry owners are not ordering poultry feed as there is no place to keep chicken,” said Vasantkumar Shetty, President, Maharashtra Poultry Farmers and Breeders Association.
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KUALA LUMPUR (Reuters) - Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year, a leading sector analyst told a virtual conference on Wednesday.
FILE PHOTO: A worker arranges palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS/Lim Huey Teng/File Photo
“If you plot long-run growth in crude palm oil output, if it regains its trend, production will rise by nearly 1 million tonnes in Malaysia, 4.5 million tonnes in Indonesia,” James Fry said.
“The trends imply those increases but the affects of rain, labour issues means you won’t get there,” he added.
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SINGAPORE/JAKARTA (Reuters) - Indonesia will impose higher levies on crude palm oil (CPO) starting Dec. 10, an official document showed on Thursday, a move that could impact demand next year as it seeks to generate funds for its ambitious palm-based biodiesel programme.
FILE PHOTO: A worker collects palm fruit at a plantation owned by a private company in Langkat of Indonesia s north Sumatra province November 1, 2012. REUTERS/Roni Bintang/File Photo
Export levies will be raised to a progressive system of $55-$255 per tonne of CPO, depending on price levels. It previously imposed a flat $55 levy on CPO regardless of price.