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New Delhi [India], August 13 (ANI/NewsVoir): Council of Palm Oil Producing Countries (CPOPC) organized a webinar on the theme, 'Strengthening the market share of sustainable palm oil in India' to deliberate upon the prevailing state of palm oil demand-supply chain in India and explore ways to expand the market share of sustainable palm oil in the country which is one of the largest consumers and importers of palm oil in the world.

Rise in palm oil prices poised to inflate costs Products using the oil such as chocolates, soaps set to get more costly The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns. The world’s most consumed edible oil has surged more than 120% in the past year and burst through 4,500 ringgit ($1,091) a tonne to a record on Wednesday. The tropical oil, which is found in products as diverse as chocolate, pastries, soaps, lipstick and biofuel, and is widely used in...

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, saying that the measures are expected to protect the interests of mustard farmers. The announcement of agricultural development cess is a welcome move and hopefully the revenue from cess on edible oils would be utilised for augmenting domestic production of oilseeds, Solvent Extractor's Association of India (SEA) President Atul Chaturvedi said in a statement. "As per our understanding the effective import duty on CPO (cr...