Indian palm oil demand dips as food sector, households seek alternatives

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Palm oil demand in India, the world’s top edible oil importer, is set to plunge this year as coronavirus lockdowns have slashed food service sector demand, while households are opting for alternatives at the supermarket. Traders say India’s palm oil imports could plunge 20 per cent from a year ago to 7.5 million tonnes in the 2019/20 marketing […]

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Malaysian Palm Oil Board to improve ties with India in order to boost crude palm oil prices

Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said this week. The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to […]

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Mango growers in UP demand institutional procurement of mangoes

With the prices of popular mango varieties of alphonso and kesar dwindling due to the coronavirus-induced lockdown, the growers of another famous variety, dussehri, have knocked at the doors of the Uttar Pradesh government for relief. In a letter to UP Chief Minister Yogi Adityanath, Mango Growers Association of India has demanded a slew of urgent measures to protect state mango farmers, […]

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