India’s vegetable oil imports fell by 2 per cent in November to 11.02 lakh tonnes due to a sharp decline in inward shipments of refined palm oil, according to industry data. The marketing year for vegetable oils (edible and non-edible oils) runs from November to October. “Import of vegetable oils during November 2020 is reported […]
The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]
The import of vegetable oils in February 2020 has dropped 10.5% to 11,12,478 tonnes compared to 12,42,533 tonnes a year ago, consisting of 10,89,661 tonnes of edible oils and 22,817 tonnes of non-edible oils. The overall import of vegetable oils during November 2019 to February 2020 stood at 45,63,791 tonnes compared to 48,62,849 tonnes, a […]
World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]
India’s vegetable oil imports increased by 3.5 per cent to 155.5 lakh tonnes in 2018-19 marketing year ended October, due to increase in inward shipments in refined oils, according to industry data. Imports of vegetable oils (comprising edible and non-edible oils) stood at 150.26 lakh tonnes in the previous year. While shipments of edible oil […]
After a sharp decline over recent quarters, prices of crude palm oil (CPO) are set to rise sharply in the quarter ending December. This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers. CPO prices on the benchmark Bursa Malaysia fell around […]
Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.4 points in May, up 1.2 percent from the previous month while […]
India’s import of vegetable oils during November 2018 is reported at 1,133,893 (approximately 1.13 million) tonnes compared to 1,248,810 (1.24 million) tonnes in November, 2017, a decline of 9 per cent, according to data compiled by the Solvent Extractors’ Association of India (SEA). India had signed a comprehensive Economic Cooperation Agreement (MICECA) with Malaysia on […]
The FAO Food Price Index remained stable in August, as cereal prices rebounded while vegetable oils and sugar declined. The monthly index, released on Thursday, averaged 167.6 points in August, virtually unchanged from its revised estimate for July and 5.4 percent below its level in August 2017, the UN food agency said in a statement. The FAO […]
India imported 11,19,538 tonnes of vegetable oil (comprising both edible and non-edible oils) in July, down by 27 per cent as compared to 15,24,724 tonnes in the same month last year, according to latest data released by the Solvent Extractors’ Association of India (SEA). The current revision of import duty in June 2018, fast rupee […]
