India s palm oil import at 9-month low after 27% fall in Feb
India buys palm oil from Indonesia and Malaysia, while other oils, including soyoil and sunflower oil, are sourced from Argentina, Brazil, Ukraine and Russia
Reuters | March 12, 2021 | Updated 20:22 IST
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India s palm oil imports fell 27% in February from a year earlier to their lowest in nine months, a leading trade body said on Friday, reflecting a slowdown in domestic demand.
India imported 394,495 tonnes of palm oil, down from 540,470 tonnes a year earlier, the Solvent Extractors Association of India (SEA) said in a statement.
Soyoil imports fell to 285,973 tonnes from 322,448 tonnes, the SEA said.
India imported 394,495 tonnes of palm oil, down from 540,470 tonnes a year earlier, the Solvent Extractors Association of India (SEA) said in a statement.
Synopsis
Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year.
PTI
Retail onion prices are ruling in the range of Rs 30 to Rs 70 per kg at different markets in the country.
Wholesale onion prices this month are ruling 25% to 30% higher than in January. Prices of pulses and wholesale edible oil, too, have increased helped by government measures to boost farmers’ income such as import restrictions and procurement at minimum support prices.
Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year.
Castor output for 2020-21 seen a tad down at 19 lt
February 19, 2021
Higher yield projected to compensate for drop in acreage India’s castor seed crop is expected to be marginally lower at 19.02 lakh tonnes (lt) for the year 2020-21 against 19.52 lt recorded in the previous year, a crop survey presented today informed.
Agri research agency Agriwatch, which conducted the crop survey, has projected a 15 per cent drop in the overall acreage but hopes that the fall in the cultivation area will be offset by the 14.8 per cent higher yield, to peg the overall crop size near last-year’s numbers.
All-India sowing is projected at 8,26,120 ha (9,73,190 ha). The yield, according to Agriwatch, will be higher at 2,303 kg/ha against last year’s 2,006 kg/ha. “The monsoon in the castor growing regions was more than normal which created better prospects for a higher yield,” said Santosh Jhanwar, Vice-President-Consulting, Indian Agribusiness Systems Limited.
India’s crude palm oil imports in January jumped 44.99 per cent y-o-y to 7.67 lakh tonnes, the Solvent Extractors’ Association of India (SEA) said. The crude palm oil imports during January 2020 stood at 5.29 lakh tonnes, SEA said in a statement. Import duty reduction from November 2, 2020, on crude palm oil (CPO) was .