India’s palm oil imports climb 65% in May 2019; base import price of crude palm oil increased by $11 per tonne

India’s palm oil imports climbed 65 per cent in May 2019 from a year earlier due to lower import duty and a drop in prices. Palm oil imports totalled 818,149 tonnes last month, including 371,060 tonnes of refined palm oil, the Solvent Extractors’ Association (SEA) said in a statement. India, the world’s biggest importer of […]

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Indonesia relaxes levies on palm oil

Indonesia has relaxed rules on levies for palm oil and derivative products effective immediately following a drop in palm oil prices, according to the Indonesian  finance ministry regulation uploaded on a government website. Indonesia, the world’s top exporter of palm oil, will not collect levies from palm exporters when prices are below a threshold of […]

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Malaysia palm oil stocks fell to 2.47 million tonnes in September – survey

Malaysia’s palm oil stocks likely edged down in September from seven-month highs in August as shipments from the world’s No.2 exporter of the commodity outpaced production-growth for the month, a Reuters survey showed. September inventories are expected to have dropped 0.7 per cent from the month before to 2.47 million tonnes, according to the survey. […]

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GoI to provide assistance worth Rs 3,000-5,000 per hectare to oilseed farmers

The government of India has decided to provide direct assistance to the oilseed farmers after failing to achieve last year’s oilseed target. The government is likely to provide assistance worth Rs 3,000-5,000 per hectare to cultivators who take up any oilseed crop as an inter-cropping model, so that the country’s dependence on imports of edible […]

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