Tag: Crude Palm Oil

palm oil prices: India's September palm oil imports fell over 33% m/m
Posted in Economy

palm oil prices: India’s September palm oil imports fell over 33% m/m

India’s palm oil imports in September fell more than 33% from August to 527,314 metric tons, the Solvent Extractors’ Association of India (SEA) said in…

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Indian refiners cancel 1,00,000 metric tons of palm oil purchases on duty hike, price rise
Posted in Economy

Indian refiners cancel 1,00,000 metric tons of palm oil purchases on duty hike, price rise

Indian refiners cancelled 1,00,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi’s move to raise import duties due…

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New Delhi on Friday imposed a 20% basic customs duty on crude palm oil, crude soyoil and crude sunflower oil from Sept. 14, the notification said. (Representational image/Unsplash)
Posted in Business

India hikes edible oil import tax on palm, soyabean, and sunflower oil to support farmers

India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s…

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India palm oil trade: India July palm oil imports rise over 37% MoM, trade body says
Posted in Economy

India palm oil trade: India July palm oil imports rise over 37% MoM, trade body says

India‘s palm oil imports rose more than 37% in July from the previous month to about 1.1 million metric tons, a trade body said on…

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India's July edible oil imports to surge to record on robust palm buying, sources say
Posted in Economy

India’s July edible oil imports to surge to record on robust palm buying, sources say

India bought a record amount of edible oils for July delivery, as refiners increased palm oil and soyoil purchases due to lucrative prices and ahead…

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Posted in Economy

India Russia oil: India’s opaque purchases of Russian oil emerge as sanctions test

En route to New Delhi this month, US officials proclaimed themselves satisfied that India is buying Russian oil below G-7 price caps designed to undercut…

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Palm Oil import tax: India considers raising palm oil import tax to help rapeseed farmers
Posted in Economy

Palm Oil import tax: India considers raising palm oil import tax to help rapeseed farmers

India, the world’s biggest importer of vegetable oils, is considering raising its import duty on palm oil to help support local farmers reeling from a…

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