Edible oil import up 39 pc in Nov on higher shipment of crude sunflower, soyabean oils: SEA
1 week, 4 days ago

Edible oil import up 39 pc in Nov on higher shipment of crude sunflower, soyabean oils: SEA

Live Mint  

New Delhi, Dec 12 India's edible oil import rose 38.5 per cent to 15.9 lakh tonne in November mainly due to sharp jump in shipments of crude sunflower oil and crude soyabean oil, according to industry data. As per the data, import of vegetable oils during November, the first month of the 2024-25 oil marketing year, rose 40 per cent to 16,27,642 tonne compared to 11,60,590 tonne a year ago. Out of total vegetable oil import, India imported 15,90,301 tonne of edible oil in November as against 11,48,092 tonne in the same month last year. Import of crude sunflower oil sharply increased to 3,40,660 tonne from 1,28,707 tonne while shipments of crude soyabean oil jumped to 407,648 tonne from 149,894 tonne during the period under review.

India Cent Crude Palm Nov Edible Tonne Edible Oil Oil Import Oil Import Increased Crude Sunflower Import Increased  vegetable  sea  tonne  shipment  higher  oils  crude  oil  import  increased  cent  palm  pc  edible  month  soyabean  sunflower  nov

History of this topic

Mint Explainer: How rising palm oil prices impact India and its consumers
1 week, 3 days ago

Mint Explainer: How rising palm oil prices impact India and its consumers

Live Mint  

Investors were left reeling this week as Godrej Consumer Products issued a stark warning: soaring palm oil prices have severely impacted its soaps segment, a cornerstone of its business. This policy change came as global palm oil prices were already climbing due to supply constraints in Southeast Asia, creating a perfect storm for manufacturers. Read this | Edible oil, tea, …

India’s veg oil imports seen lower in 2024-25, industry group says
1 month, 2 weeks ago

India’s veg oil imports seen lower in 2024-25, industry group says

Live Mint  

India's vegetable oil imports are estimated to decline further in the 2024-25 season to 15 million metric tons, as favourable weather will likely boost domestic production, an industry group said. India, the world's biggest vegetable oils importer, is estimated to have imported 16 million tons in the 2023-24 season that ended in October, said B V Mehta, executive director of …

In India’s Assam, ‘hopes dashed’ for high returns on oil palm production
4 months, 3 weeks ago

In India’s Assam, ‘hopes dashed’ for high returns on oil palm production

Al Jazeera  

Jorhat, India: Priya Ram Duwarah has planted 60 oil palm seedlings in his half-hectare of agricultural land at Mohara village in Jorhat district in the northeast Indian state of Assam. The 65-year-old farmer, who typically grows paddy and seasonal vegetables, stepped into oil palm planting last September after being assured of high returns by the officials of the state agriculture …

India's July edible oil imports to surge to record on robust palm buying: report
4 months, 4 weeks ago

India's July edible oil imports to surge to record on robust palm buying: report

The Hindu  

India bought a record amount of edible oils for July delivery, as refiners increased palm oil and soy oil purchases due to lucrative prices and ahead of an anticipated hike in import duties, industry and government sources told Reuters. Edible oil imports are set to jump to a record 1.92 million metric tons, up nearly 26% from a month ago, …

India's July edible oil imports to surge to record on robust palm buying, sources say
4 months, 4 weeks ago

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

Hindustan Times  

By Rajendra Jadhav India's July edible oil imports to surge to record on robust palm buying, sources say MUMBAI, - 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 of an anticipated hike in import duties, industry and government sources told Reuters. Edible oil …

If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister
5 months ago

If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister

The Hindu  

India and Malaysia have decided to increase bilateral cooperation in the field of edible oil, especially the cultivation of oil palm, and the production and trade of palm oil. This edible oil is very versatile,” Mr. Ghani said adding that India imports three million tonnes of palm oil from Malaysia. “Malaysia contributes three million metric tonnes of palm oil out …

India to allow edible oil imports at lower duty until March 2025
11 months, 1 week ago

India to allow edible oil imports at lower duty until March 2025

The Hindu  

India will extend the import of edible oil at a lower duty by another year until March 2025, the Government said in a notification issued late on January 15 as the world's biggest importer of vegetable oil moves to limit local prices. The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to …

India's Oilmeal Exports Fall 22% in November 2023: Industry Data
1 year ago

India's Oilmeal Exports Fall 22% in November 2023: Industry Data

News 18  

Oilmeal exports fell 22 per cent annually to 3.17 lakh tonnes in November, mainly due to fall in shipment of rapeseed meals, according to industry data. Rapeseed meals exports declined to 93,124 tonnes last month from 1,34,952 tonnes in the year-ago period while outward shipments of soyabean meals rose to 1,83,429 tonnes from 1,64,075 tonnes. During the last financial year, …

India’s edible oil security at a crossroads
1 year, 1 month ago

India’s edible oil security at a crossroads

Hindustan Times  

With less than two months remaining in the current oil year, India has already achieved a record-breaking import of 139.7 lakh tonnes in just 10 months, approaching the total import for the entire 2021-22 oil year of 140 lakh tonnes. More than half of India’s domestic demand for edible oil is met through imports with it being the largest importer …

Oil prices fall after Russia plays down on additional OPEC+ cuts; details here
1 year, 6 months ago

Oil prices fall after Russia plays down on additional OPEC+ cuts; details here

Live Mint  

Oil prices fell on May 25 after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. "The obvious reading is that the Kingdom may either unilaterally cut oil production or orchestrate a wider OPEC+ reduction.thereby supporting prices and stinging speculators that are shorting oil," according to analysts at bank …

India’s palm oil plans fail to account for climate change
1 year, 7 months ago

India’s palm oil plans fail to account for climate change

The Hindu  

India’s ambitious drive to expand domestic palm oil production fails to consider the subcontinent’s changing climate, analysis shows. “The plan looks at water requirements for irrigation, rainfall, temperature and relative humidity, also keeping in mind that palm oil production should not disturb forest cover nor local flora and fauna.” Only areas with adequate humidity and water availability have been earmarked …

India's palm oil imports could jump to 4-year high on lower prices
1 year, 9 months ago

India's palm oil imports could jump to 4-year high on lower prices

The Hindu  

India’s palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to COVID-led lockdowns, a senior industry official told Reuters on Tuesday. India’s palm oil imports in the first four months of the 2022/23 marketing year that started on Nov. 1 jumped …

India considering proposal to raise palm oil import tax
2 years, 2 months ago

India considering proposal to raise palm oil import tax

Live Mint  

India is examining whether there is a need to raise palm oil import taxes, government and trade sources said, as part of efforts by the world's biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices. Earlier this year, India abolished the basic import tax on crude palm oil to keep a lid on prices. …

India's August sunflower oil imports up 89.6%
2 years, 3 months ago

India's August sunflower oil imports up 89.6%

The Hindu  

After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6% to 1.35 lakh tonnes in August, according to Solvent Extractors Association. Of the total sunflower oil imports, the shipments from Russia increased to 72,780 tonnes in August this year, from 28,840 tonnes in the year-ago …

Palm surges nearly 6% on higher soyoil prices, strong India demand
2 years, 3 months ago

Palm surges nearly 6% on higher soyoil prices, strong India demand

Live Mint  

Malaysian palm oil futures rose nearly 6% on Tuesday, tracking gains in rival soyoil on bleak forecast for US soybean harvest, while strong demand from key buyer India provided an added boost. India's palm oil imports in August jumped 87% from a month ago to the highest level in 11 months as a sharp drop in prices prompted refiners to …

Illegal nurseries a threat to palm industry in Telugu states
2 years, 3 months ago

Illegal nurseries a threat to palm industry in Telugu states

Deccan Chronicle  

KHAMMAM: Mushrooming oil palm nurseries selling non-standard seedlings to gullible farmers to make a quick buck are turning out to be a major threat to oil palm industry in Telangana and Andhra Pradesh. Gutha Srinivasa Rao, an MBA graduate and oil palm grower in Dammapet, said, “Oil palm farmers must be careful as they will realise that they have sown …

India’s future crude oil supplies will mostly come from Gulf: Oil Minister
2 years, 3 months ago

India’s future crude oil supplies will mostly come from Gulf: Oil Minister

The Hindu  

India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base. “As far as India is concerned, I see for the foreseeable future much of our crude oil supplies …

India’s palm oil imports fall as soyoil imports jumps record 125% high in July
2 years, 4 months ago

India’s palm oil imports fall as soyoil imports jumps record 125% high in July

Live Mint  

India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday. Higher soyoil purchases by the world's biggest edible oil importer will support U.S. soyoil …

Telangana bets big on oil palm to cut $19 billion vegetable oil imports
2 years, 4 months ago

Telangana bets big on oil palm to cut $19 billion vegetable oil imports

Live Mint  

Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades. For years, price volatility, water scarcity and a gestation period of nearly four years limited oil palm plantation in India …

Cooking oil to get cheaper? All you need to know
2 years, 5 months ago

Cooking oil to get cheaper? All you need to know

India Today  

Cooking oil may get cheaper in coming days as retail prices are expected to come down. The food ministry called a meeting of cooking oil industry bodies and manufacturers to deliberate on reduction in the retail prices of cooking oils as there has been a fall in global prices. Higher purchases by India, the world's biggest importer of vegetable oils, …

India’s July palm oil imports may surge to 10-month high as prices plunge
2 years, 5 months ago

India’s July palm oil imports may surge to 10-month high as prices plunge

Live Mint  

India's palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters. Higher purchases by India, the world's biggest importer of vegetable oils, may add support for Malaysian palm oil prices, which are trading near …

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts
2 years, 6 months ago

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts

The Hindu  

The oil palm mission started by the Centre in 2020-21 has started gaining traction particularly after the edible oil import was hit due to the Russia-Ukraine war. Experts suggest that Karnataka should revive the mission as it has a conducive environment for oil palm cultivation which can also contribute to increasing farmers’ incomes. According to the committee’s report, an area …

Will Milk, Soap, Shampoo Prices Come Down After Edible Oil Price Cut? What FMCG Makers Say
2 years, 6 months ago

Will Milk, Soap, Shampoo Prices Come Down After Edible Oil Price Cut? What FMCG Makers Say

News 18  

Though the edible oil prices have come down as the import duties on them have been cut by the government, fast-moving consumer goods companies said they will not cut prices but instead will reduce the pace of price increases, according to a media report. The branded edible oil makers are reducing the prices on the oil, including palm oil, as …

Edible Oil Prices Drop; Know Why Rates Are Cooling Off
2 years, 6 months ago

Edible Oil Prices Drop; Know Why Rates Are Cooling Off

News 18  

After rising in the past few month due to lower production of oilseeds and higher manufacturing and logistics costs, the edible oil prices have started cooling off as branded manufacturers are cutting the rates. The new base import price of crude palm oil now stands at $1,620 per tonne as against $1,625 per tonne. Similarly, RBD palm oil and RBD …

Indonesia trade minister sacked after palm oil export flip-flops
2 years, 6 months ago

Indonesia trade minister sacked after palm oil export flip-flops

Al Jazeera  

Indonesian President Joko Widodo names new trade minister after a three-week export ban sent shockwaves through global markets. Indonesian President Joko Widodo has sacked the trade minister following controversy over a series of policy reversals on palm oil exports, as he reshuffled his cabinet on Wednesday. His predecessor Muhammad Lutfi oversaw a flip-flop on policies to contain a surge in …

Explained | Why are India’s economic stakes high in West Asia?
2 years, 6 months ago

Explained | Why are India’s economic stakes high in West Asia?

The Hindu  

The story so far: The diplomatic fallout from the provocative and communally charged comments made by two erstwhile spokespersons of the ruling Bharatiya Janata Party, forced the government into firefighting mode earlier this month after several West Asian nations including Qatar, Kuwait, Iran, Bahrain, Oman, Iraq, Saudi Arabia and the UAE as well as the 57-nation Organisation of Islamic Cooperation …

Palm oil imports surge to seven-month high in May despite Indonesia's ban
2 years, 6 months ago

Palm oil imports surge to seven-month high in May despite Indonesia's ban

The Hindu  

Palm oil exports in May were their highest in seven months and up 15% in April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, according to five industry officials. Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices, which …

Data | Import-reliant India’s edible oil prices skyrocket, average costs near ₹200/litre
2 years, 6 months ago

Data | Import-reliant India’s edible oil prices skyrocket, average costs near ₹200/litre

The Hindu  

In a bid to tame the soaring prices of edible oils, the Central government on Tuesday has allowed duty-free import of 20 lakh tonnes of crude soyabean and crude sunflower oil for the current and next fiscal year. The local prices of edible oil are vulnerable to changes in international markets given India’s high reliance on imports. The price of …

Duty-Free Import Of Edible Oils: Will Cooking Oil Prices Come Down For Consumers? Know Details
2 years, 6 months ago

Duty-Free Import Of Edible Oils: Will Cooking Oil Prices Come Down For Consumers? Know Details

News 18  

Amid the prevailing high level of inflation in the country, the government and the Reserve Bank of India have been taking several steps to tame the pace of price rise. As part of this, the Centre has also allowed duty-free import of 20 lakh tonnes of crude soyabean and sunflower oil to cool edible oil prices. Here’s what the measure …

India's palm oil imports could hit 11-yr low as soyoil rises
2 years, 6 months ago

India's palm oil imports could hit 11-yr low as soyoil rises

The Hindu  

India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said. Palm oil imports by the world's biggest vegetable-oil importer in its marketing year ending on October 31 will fall 19% to 6.7 million tonnes, the …

India’s palm oil imports could fall to 11-yr low
2 years, 6 months ago

India’s palm oil imports could fall to 11-yr low

Live Mint  

India's palm oil imports could fall 19% to the lowest level in 11-years as soyoil, now cheaper, takes more market share because of Indonesia's curbs on palm oil exports and New Delhi's move to allow duty-free imports of soyoil, dealers said. Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices …

Govt Allows Duty-free Import of 20 Lakh Ton Per Year of Crude Soyabean, Sunflower Oil
2 years, 6 months ago

Govt Allows Duty-free Import of 20 Lakh Ton Per Year of Crude Soyabean, Sunflower Oil

News 18  

The government on Tuesday scrapped customs duty and agriculture infrastructure development cess on the import of crude soyabean oil and crude sunflower oil for 20 lakh metric tonnes each per year to ease local prices. The duty-free import of 20 lakh MT per year will be applicable for two fiscals, 2022-23 and 2023-24, for crude soyabean oil and crude sunflower …

Cooking Oil Price to Come Down as Indonesia Lifts Ban on Palm Oil Export? Know Here
2 years, 7 months ago

Cooking Oil Price to Come Down as Indonesia Lifts Ban on Palm Oil Export? Know Here

News 18  

After almost a month of announcing a ban on palm oil exports, the Indonesia government has lifted the restriction effective Monday. Indonesia last month announced the ban on the export of palm oil with effect from April 28, in the wake of a severe shortage and skyrocketing prices of edible oil in the Southeast Asian nation. India imports over 13.5 …

Indonesia to lift ban on palm oil export from May 23
2 years, 7 months ago

Indonesia to lift ban on palm oil export from May 23

India TV News  

Highlights Indonesia will lift a monthlong ban on palm oil export on May 23 Palm oil prices went up 200% or higher after Indonesia banned the export of cooking oil Indonesia and Malaysia are the world’s largest exporters of palm oil Indonesia said Thursday it will lift a monthlong ban on palm oil export, citing improvements in the supply and …

Indonesian farmers decry palm oil export ban as prices plummet
2 years, 7 months ago

Indonesian farmers decry palm oil export ban as prices plummet

Al Jazeera  

Medan, Indonesia – Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Valens Andi, head of the Farmers’ Hope Oil Palm Plantation Cooperative, West Kalimantan: It is getting more and more difficult for farmers with all these changes in the …

Breads, Biscuits, Rotis May Get Costlier As Flour Prices High, Govt Scheme Not Announced Yet
2 years, 7 months ago

Breads, Biscuits, Rotis May Get Costlier As Flour Prices High, Govt Scheme Not Announced Yet

News 18  

Breads, biscuits and rotis are likely to see a rise in prices from next month on high wheat flour prices and as the open market sale scheme for wheat for the current year has not been announced yet. Wheat flour’s all-India average retail price stood at Rs 32.78 per kg on Saturday, 9.15 per cent higher than the price a …

Indonesia faces international pressure over palm oil export ban
2 years, 7 months ago

Indonesia faces international pressure over palm oil export ban

Al Jazeera  

Signs of discontent with Jakarta are emerging in countries that rely heavily on palm oil, such as India and Pakistan. President Joko “Jokowi” Widodo has justified the ban, announced on April 22, as a short-term measure after domestic prices of cooking oil, of which palm oil is a key ingredient, soared more than 50 percent. Indonesia is the largest producer …

Soap, Shampoo, Chocolate Price Hikes: Is Indonesia's Palm Oil Export Ban Impact For Short Term?
2 years, 7 months ago

Soap, Shampoo, Chocolate Price Hikes: Is Indonesia's Palm Oil Export Ban Impact For Short Term?

News 18  

Even as Indonesia has banned exports of its palm oil due to a severe shortage and skyrocketing prices of edible oil, analysts and industry players feel the curb on the outbound shipments is likely to be short-lived and will be lifted soon. The move could remove about 2 million tonnes of palm oil supply from the global market every month, …

Central panel to keep track of essentials as prices soar
2 years, 7 months ago

Central panel to keep track of essentials as prices soar

Hindustan Times  

New Delhi: The Union government has formed an inter-ministerial committee to monitor domestic prices, shipments and availability of agri commodities, especially edible oil, as higher fertiliser and global commodity rates have sent domestic food prices soaring, an official said, requesting anonymity. Edible oil prices have remained elevated due to global supply disruptions and have knocked household budgets. Pradeep S Mehta, …

How much should India worry over Indonesian palm oil export ban?
2 years, 7 months ago

How much should India worry over Indonesian palm oil export ban?

Business Standard  

It is not just a cooking oil confined to kitchens. More than 60% of this, around 8-8.5 million tonnes, is palm oil and 45% of that comes from Indonesia and the remaining from neighbouring Malaysia The prices of vegetable oils like mustard oil, soya oil, sunflower and palm oil have gone up by as much as 25% over the past …

Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia
2 years, 7 months ago

Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia

Hindustan Times  

Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. According to the officials, the disruption in shipments after Indonesia widened its export ban to include crude and refined palm oil will create a vegetable oil shortage in top importer India. Last week, Widodo had imposed an export ban …

Soaps, Shampoo, Biscuit Price Rise: Monthly Budget To Be Hit After Indonesia's Export Curb
2 years, 7 months ago

Soaps, Shampoo, Biscuit Price Rise: Monthly Budget To Be Hit After Indonesia's Export Curb

News 18  

Indonesia’s ban on palm oil export, which has come into effect from Thursday, is expected to push upwards the prices of edible oil and packaged goods in India. The ban was announced last Friday and palm oil prices rose nearly 5 per cent during the following weekend over fears of shortages in the coming months. “Indonesia’s decision affects not only …

Indonesia's Palm Oil Export Ban Effective Today: Here's What You Need To Know
2 years, 7 months ago

Indonesia's Palm Oil Export Ban Effective Today: Here's What You Need To Know

News 18  

The ban on palm oil exports announced by Indonesia last week has come into effect from Thursday. Indonesia last week announced the ban on the export of palm oil with effect from April 28, in the wake of a severe shortage and skyrocketing prices of edible oil in the Southeast Asian nation. So, it’s going to be very challenging.” Santosh …

Indonesia widens export ban to include crude palm oil
2 years, 7 months ago

Indonesia widens export ban to include crude palm oil

Al Jazeera  

Indonesia the world’s biggest edible oils shipper, will widen an export ban to include crude palm oil, adding to uncertainty in a market that’s suffered dizzying price swings and threatening to worsen global food inflation. The ban will be expanded to crude palm oil, RBD palm oil and used cooking oil, Coordinating Minister for Economic Affairs Airlangga Hartarto said at …

Number theory: Why India is worried about Indonesia’s ban on palm oil exports
2 years, 7 months ago

Number theory: Why India is worried about Indonesia’s ban on palm oil exports

Hindustan Times  

India is hoping to export 10-15 million tons of wheat this year to plug a shortage created by the Russian invasion of Ukraine. The agricultural prowess which India has been displaying in the case of wheat, is, however, in sharp contrast to the country’s record when it comes to another essential food item -- edible oil. The share of edible …

Explained | Why did Indonesia ban palm oil exports and how will it affect India?
2 years, 7 months ago

Explained | Why did Indonesia ban palm oil exports and how will it affect India?

The Hindu  

The story so far: Indonesia, the world’s biggest producer, exporter, and consumer of palm oil, would be banning all exports of the commodity and its raw materials from April 28 to reduce domestic shortages of cooking oil and bring down its skyrocketing prices, the country’s President, Joko Widodo, announced on Friday, April 22, 2022. Palm oil is the world’s most …

Explained: How Indonesia’s palm oil export ban will impact your everyday life
2 years, 7 months ago

Explained: How Indonesia’s palm oil export ban will impact your everyday life

Firstpost  

Come Thursday and Indonesia will ban the export of crude palm oil. This will make everything from cakes to cosmetics, spreads to shampoos costlier in India Indonesia has decided to ban the export of crude palm oil from 28 April. It imports around eight million tonnes of palm oil every year, accounting for about 40 per cent of the share …

Palm oil price to spike in India as Indonesia’s export ban leaves global buyers in limbo
2 years, 7 months ago

Palm oil price to spike in India as Indonesia’s export ban leaves global buyers in limbo

The Hindu  

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine. The move by the world's biggest palm oil producer to ban exports from Thursday will lift prices of all major edible …

Soaps, Shampoos, Noodles, Edible Oil Prices May Rise Further as Indonesia Bans Palm Oil Export
2 years, 7 months ago

Soaps, Shampoos, Noodles, Edible Oil Prices May Rise Further as Indonesia Bans Palm Oil Export

News 18  

Following Indonesia’s ban on palm oil export, the prices of edible oil and packaged goods in India are likely to see a jump amid its lower availability in the country. After Indonesia’s ban, domestic edible oil prices are likely to jump 10-15 per cent in the short term, according to an FE report quoting industry officials. The move by the …

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