India’s palm oil import increases by over 56% in March 2021 mainly due to high sunflower oil prices

India’s import of palm oils rose 56.50 per cent to 5,26,463 tonnes in March this year as refiners were discouraged to import sunflower oil due to high prices, industry body Solvent Extractors Association (SEA) said. India, the world’s leading vegetable oil buyer, had imported 3,36,392 tonnes palm oils in March 2020. The country’s total vegetable […]

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Agro commodities like guar, crude palm oil (CPO) fall sharply on crude crash

Agricultural commodities followed the path of equities, with guar seed and gum prices posting sharp declines brought on by a significant bearish trend in crude oil. Crude palm oil displayed a similar sentiment, as a lot of the demand for this commodity comes from bio-fuel makers, and its price is influenced to some extent by the movement in crude […]

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India restricts refined palm oil imports from Malaysia over Kashmir, CAA

The government has imposed restrictions on imports of refined palm oil and palmolein, a move in retaliation against top supplier Malaysia after its criticism of India’s actions in Kashmir and the Citizenship (Amendment) Act, 2019 (CAA). According to a notification of the Directorate General of Foreign Trade (DGFT), “import policy” is amended from “free to […]

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