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Vegetable oil imports jump 9% to 24.59 lakh tonnes in November-December SECTIONS Share Synopsis "Import of vegetable oils during November- December 2020 is reported at 24,59,484 tonnes compared to 22,55,501 tonnes for the same period in 2019," Solvent Extractors' Association of India (SEA) said in a statement. The edible oil marketing year runs from November to October. NEW DELHI: India's vegetable oil imports jumped 9 per cent in November- December 2020 to 24.59 lakh tonnes due to advance buying by industry to beat the impending export levies by Malaysia, according to industry data. "Import...

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...

Sustainability the key mantra for palm oil industry 06 Jan 2021 / 21:47 H. Pix for representational purpose only. KUALA LUMPUR: Amidst the continued allegations premised on the sustainability of the palm oil industry arising mostly from nationalistic sentiment to protect their edible oils industry, palm oil producers acknowledged that the sustainability issue cannot be ignored and they have to level up their game for the longer term. But while most agreed to the notion, some believed that instead of addressing the issues in the west where the “noise” came from, the palm oil industry ...

After the Centre reduced the basic import duty on crude palm oil (CPO) from 37.5 per cent to 27.5 per cent last month, the Malaysian government announced that it will start imposing export tax on CPO at 8 per cent with effect from January 2021. Indonesia, a major CPO exporter, had also increased its export ...

The Pandora's Box of Agri Reform, Subsidies and Tariffs India cannot have protectionism for corporations backed by tariffs and a free market only for Indian farmers. Farmers shout slogans as they sit on a tractor during a protest against farm bills passed by India's parliament, at the Delhi-Uttar Pradesh border in Ghaziabad, India, December 16, 2020. Photo: Reuters/ Adnan Abidi Agriculture21/Dec/2020 Who is it that wishes to deny our farmers their proper due, as they brave 4.1°C temperatures at the borders of Delhi? Is it the ‘middle men’ or the ‘robber barons of India’? Or is it p...