Kishan Reddy ridicules TS’s claims on subsidies for oil palm cultivation
2 years, 3 months ago

Kishan Reddy ridicules TS’s claims on subsidies for oil palm cultivation

Deccan Chronicle  

HYDERABAD: The state government and members of Chief Minister K. Chandrashekar Rao’s family were making false claims on how the government was providing subsidies and facilitating cultivation of oil palm plantations, Union minister G. Kishan Reddy alleged on Thursday. Reddy said the recent claim by finance minister T. Harish Rao that they were providing Rs 1 lakh per acre as subsidy for oil palm cultivation was false whereas bulk of the support for raising oil palm plantations comes from the Central government. The National Mission on Edible Oil-Oil Palm was an Rs 11,040-crore centrally “A recent statement by a senior member of the Telangana government portrayed the subsidies being given to the state farmers for oil palm cultivation as an initiative of the state government,” Reddy said in a statement. During 2020-21, India imported around 133.52 lakh tonnes of edible oils costing around Rs 80,000 crore with more than half the imports – 56 per cent - being palm oil.

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History of this topic

Centre aims to increase oil seed production to 70 million tonnes by 2031
2 days, 6 hours ago

Centre aims to increase oil seed production to 70 million tonnes by 2031

The Hindu  

The Union government has launched National Mission on Edible Oils–Oilseeds with an outlay of Rs 10,103.38 crore to boost the domestic oilseed production to 70 million tonnes by 2030-31 from the current 39 million tonnes, Minister of State for Consumer Affairs, Food & Public Distribution Nimuben Jayantibhai Bambhaniya has said in Parliament. In response to a question posed by Nellore …

Rs.18,000 cr allocated for Rythu Bharosa scheme, says Bhatti
1 week, 3 days ago

Rs.18,000 cr allocated for Rythu Bharosa scheme, says Bhatti

Deccan Chronicle  

Hyderabad: The Congress government has already allocated Rs.18,000 crore for implementation of Rythu Bharosa scheme, guaranteeing direct financial assistance to farmers across Telangana, according to Deputy Chief Minister Mallu Bhatti Vikramarka. In his budget speech, Bhatti Vikramarka, who also holds Finance Ministry portfolio, said that to provide investment support to farmers and enable them to purchase fertilizers, seeds and agricultural …

Telangana progressing fast with per capita income at Rs 3.56 lakh: Bhatti
1 month, 2 weeks ago

Telangana progressing fast with per capita income at Rs 3.56 lakh: Bhatti

Deccan Chronicle  

Hyderabad: Telangana was one of the fastest developing States in the country with GSDP of Rs.15.02 lakh crore and growth rate of 14.4 per cent with per capita income of Rs.3.56 lakh, said Deputy Chief Minister Bhatti Vikramarka Mallu. Encouragement must be given to crop cultivation through greenhouse, poly house, drip, sprinklers, he said, adding that there is imminent need …

Hindustan Unilever acquiring palm undertaking in Telangana, plans nurseries and oil mill
2 months ago

Hindustan Unilever acquiring palm undertaking in Telangana, plans nurseries and oil mill

The Hindu  

Hindustan Unilever is acquiring the palm undertaking of Vishwatej Oil Industries in Kamareddy district of Telangana as part of its palm localisation strategy. Setting up sapling nurseries, palm fresh fruit bunch collection centres and a state-of-the-art palm oil mill in the State figure in the company’s plans, HUL said after its Board approved the acquisition on Wednesday. “HUL will establish …

Telangana keen on attracting Malaysian investments: Minister Sridhar Babu
3 months ago

Telangana keen on attracting Malaysian investments: Minister Sridhar Babu

The Hindu  

Industries and IT Minister Sridhar Babu on Monday discussed with members of a visiting trade delegation from Malaysia the prospects of attracting investments in the areas of solar power, dry ports, sewage treatment plants and marketing support for women entrepreneurs and startups in Telangana. Ministers Tummala Nageshwar Rao and Jupally Krishna Rao along with Telangana PCC president Mahesh Goud were …

Palm oil needs an image overhaul: It’ll be good for India
3 months, 1 week ago

Palm oil needs an image overhaul: It’ll be good for India

Live Mint  

Brands are omnipresent in our lives, from our kitchen shelves and closets to the gadgets held in our hands and what’s sitting in our garages. In Malaysia, a major exporter, palm-oil corporations have taken action towards sustainable farming, with 83% of palm oil refining capacities operating under a ‘No Deforestation, Peat and Exploitation’ commitment. In 2023-24, India imported approximately ₹80,000 …

Visit paddy fields, not Musi: Kishan Reddy
4 months, 2 weeks ago

Visit paddy fields, not Musi: Kishan Reddy

Deccan Chronicle  

Hyderabad: Union minister and BJP state president G. Kishan Reddy advised Chief Minister A. Revanth Reddy to begin his proposed padayatra from the paddy fields to know the plight of the farmers and charged that the state government had not yet started the paddy procurement at Indira Kranti Patham centres even two months after farmers got their produce. Many farmers …

In India’s Assam, ‘hopes dashed’ for high returns on oil palm production
7 months, 4 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 …

If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister
8 months, 1 week 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 …

Telangana: Plan for Oil Palm in Forest Podu Land Gets Fresh Push
10 months ago

Telangana: Plan for Oil Palm in Forest Podu Land Gets Fresh Push

Deccan Chronicle  

Hyderabad: A renewed push to encourage oil palm plantations in Podu patta lands in the forests — for which the state forest department has “requested” its district officials to “without fail” permit farmers for taking up various types of crops, drill bore wells and ensure electricity supply to operate them — is set to threaten the natural forest ecosystems. Despite …

Why Meghalaya plans to stay away from Palm Oil plantations
1 year, 7 months ago

Why Meghalaya plans to stay away from Palm Oil plantations

Hindustan Times  

New Delhi: Meghalaya is likely to oppose palm oil plantations. James K Sangma, National People’s Party leader and chairman of the Meghalaya Industries Development Corporation, and Mazel Ampareen Lyngdoh, the state’s agriculture and health minister, have opposed the recent drive to boost oil palm plantations. “I understand the national mandate for the palm oil push, but I have historically opposed …

NDA govt brought in many changes, measures to boost agri sector: Kishan Reddy
1 year, 9 months ago

NDA govt brought in many changes, measures to boost agri sector: Kishan Reddy

Deccan Chronicle  

Hyderabad: The Centre is bringing in many novel changes to encourage the agriculture sector in the country and to benefit the farmers, Union Tourism Minister G Kishan Reddy said on Saturday. "As part of that, PM Kisan Samman Nidhi, Fasal Bima Yojana, PM Sinchyaee Yojana, Kisan Credit cards to all sections of farmers, soil health cards have been introduced," he …

The push for oil palm plantations raises concerns in India’s north-eastern region
1 year, 9 months ago

The push for oil palm plantations raises concerns in India’s north-eastern region

The Hindu  

Published : Jun 02, 2023 16:17 IST - 3 MINS READ In 2021, the Union Cabinet allocated Rs.11,040 crore for the National Mission on Edible Oils—Oil Palm, with a focus on India’s north-eastern States and the Andaman and Nicobar Islands. The three companies involved with oil palm plantations in Mizoram—Godrej, 3F, and Patanjali’s Ruchi Soya—face no accountability for the failure. …

India’s palm oil plans fail to account for climate change
1 year, 10 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 …

Farmers in Nagaland reluctant to grow oil palm because no one is buying
2 years ago

Farmers in Nagaland reluctant to grow oil palm because no one is buying

The Hindu  

Published : Mar 23, 2023 10:45 IST - 7 MINS READ Tsenchamo Mozhui, a resident of Ruchan village in Nagaland’s Wokha district bordering Assam, has had oil palm trees growing in his backyard for the last eight years. The first zone has been assigned to Godrej Agrovet and the second to Patanjali.” Oil palm requires evenly distributed minimum rainfall of …

Godrej to set up Rs 250 crore edible oil processing plant in Telangana
2 years, 2 months ago

Godrej to set up Rs 250 crore edible oil processing plant in Telangana

Deccan Chronicle  

Hyderabad: Godrej Agrovet Ltd., the country’s largest oil palm plantation company, will invest Rs 250 crore in Telangana by setting up a state-of-the-art edible oil processing plant in Khammam district. A press release issued by the industries minister's office here on Thursday, stated that Balram Singh Yadav, managing director of Godrej Agrovet Ltd met industries minister K.T. Rama Rao and …

Oil Palm cultivation facing odds, farmers seek remunerative price
2 years, 4 months ago

Oil Palm cultivation facing odds, farmers seek remunerative price

Deccan Chronicle  

VISHAKHAPATNAM: Oil palm farmers in Andhra Pradesh are unwilling to continue the cultivation due to poor prices and are requesting the government to provide Rs 20,000 per tonne as remunerative price against the present Rs 10,000. Oil palm farmers met chief minister Jagan Mohan Reddy, Union ministers Narendra Singh Tomar and higher central officials and got a “simple relief of …

India considering proposal to raise palm oil import tax
2 years, 5 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. …

Illegal nurseries a threat to palm industry in Telugu states
2 years, 6 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 …

Telangana bets big on oil palm to cut $19 billion vegetable oil imports
2 years, 7 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 …

Palm cultivators demand share of kernel oil profits
2 years, 8 months ago

Palm cultivators demand share of kernel oil profits

Deccan Chronicle  

Kothagudem: Palm cultivators in Khammam and Bhadradri-Kothagudem districts are seeking a share of profits from the production and sale of palm kernel oil, along the lines of the ratio of investments between farmers and TSOILFED. Farmers said that there is a huge demand for palm kernel oil in the international market as it is used in making cosmetic products as …

Malpractices under palm cultivation scheme cost state Rs 2.4 crore per year
2 years, 8 months ago

Malpractices under palm cultivation scheme cost state Rs 2.4 crore per year

Deccan Chronicle  

Dammapet: Farmers from Andhra Pradesh are making use of F-code cards, which are meant for tenant farmers engaging in palm cultivation in the state, to sell their produce to the TS Oilfed costing it Rs 2.4 crore annually, sources said. With Telangana paying farmers Rs 2,000 more per tonne of palm, the practice has cropped up in factories of Apparaopet …

India’s July palm oil imports may surge to 10-month high as prices plunge
2 years, 8 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, 9 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 …

Edible Oil Prices Drop; Know Why Rates Are Cooling Off
2 years, 9 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 …

Indonesian farmers decry palm oil export ban as prices plummet
2 years, 10 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 …

Andhra Pradesh to fix prices of oil palm soon
2 years, 10 months ago

Andhra Pradesh to fix prices of oil palm soon

Deccan Chronicle  

Vijayawada: Minister for agriculture, cooperatives, marketing and food Kakani Govardhan Reddy said that the AP government will fix prices acceptable to oil palm farmers and factories. During a meeting with farmers and representatives of oil palm factories in the secretariat on Friday, he said that the government will scientifically adopt the oil extraction ratio to fix the price and the …

Breads, Biscuits, Rotis May Get Costlier As Flour Prices High, Govt Scheme Not Announced Yet
2 years, 10 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 …

Palm oil price to spike in India as Indonesia’s export ban leaves global buyers in limbo
2 years, 11 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 …

Centre ready to buy rice: Kishan Reddy
3 years ago

Centre ready to buy rice: Kishan Reddy

Deccan Chronicle  

HYDERABAD: Union minister for tourism and culture G. Kishan Reddy alleged that Chief Minister K. Chandrashekar Rao was provoking farmers on paddy procurement for protecting his family political interests. Chandrashekar Rao was terming BJP an ‘anti-farmers party’ by spreading false propaganda on paddy and rice procurement, he said and made it clear that the Central government was ready to procure …

India cuts tax on palm oil imports to help consumers, refiners
3 years, 1 month ago

India cuts tax on palm oil imports to help consumers, refiners

Al Jazeera  

The move comes as New Delhi has been struggling to contain rising prices of edible oils. India has cut its tax on crude palm oil imports to 5 percent from 7.5 percent, the government said, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in …

Mega palm seedling nursery and plan coming up in Khammam
3 years, 2 months ago

Mega palm seedling nursery and plan coming up in Khammam

Deccan Chronicle  

Khammam: Efforts are on to set up another palm oil factory in Kunchaparthy in Vemsoor mandal. Though there is huge demand for edible oil, the government is unable to supply palm oil saplings to farmers interested in taking up the crop. The farmers came forward to raise palm oil after the government conducted awareness programmes to shift them to alternative …

What would the proposed large-scale cultivation of oil palm mean to India’s ecology and economy?
3 years, 6 months ago

What would the proposed large-scale cultivation of oil palm mean to India’s ecology and economy?

The Hindu  

In his Independence Day speech, the Prime Minister announced a scheme to support the growth of palm oil in India. Cornered market According to the U.S. Department of Agriculture, the world will produce approximately 76.5 million tonnes of palm oil in 2021, 58% of this produced in Indonesia, and 26% in Malaysia. The National Mission on Oilseeds and Oil Palm …

Finding alternative to paddy not an easy task for farmers
3 years, 6 months ago

Finding alternative to paddy not an easy task for farmers

Deccan Chronicle  

Khammam: Agriculture officials in Khammam district as also those across Telangana State are finding it difficult to propose a better alternative to paddy as an ideal crop for farmers. The irony is that the official call against paddy cultivation came at a time when plenty of water is available in Khammam district as a result of the completion of various …

India has an edible oil problem, but palm oil won't fix it
3 years, 6 months ago

India has an edible oil problem, but palm oil won't fix it

Live Mint  

M V. Ramoji Rao is a seasoned dentist and a busy one too. About three years ago, many farmers in Rao’s district had uprooted their plantations when the price of fresh fruit bunches of oil palm hovered around ₹8,000 a tonne—less than half of the current market price. Cheap palm oil, nearly all of it imported, accounts for over a …

EXPLAINED: Why PM Modi Wants India To Become Atmanirbhar In Palm Oil Production
3 years, 7 months ago

EXPLAINED: Why PM Modi Wants India To Become Atmanirbhar In Palm Oil Production

News 18  

India is the world’s largest edible oil importer, depending on the likes of Malaysia and Indonesia to meet about 60 per cent of its annual need. The Centre has okayed the 11,040-crore National Mission on Edible Oils-Oil Palm days after PM Narendra Modi called on farmers to make India “atmanirbhar” in edible oil production. The call to augment palm oil …

Cooking Oil to Become Cheaper, Import to Reduce; Cabinet Okays Rs 11,040-Cr Plan
3 years, 7 months ago

Cooking Oil to Become Cheaper, Import to Reduce; Cabinet Okays Rs 11,040-Cr Plan

News 18  

Union Cabinet on Wednesday approved a new scheme to make India self-sufficient in cooking oils. Touted as National Edible Oil Mission-Oil Palm, the new system will help the country to increase the domestic production of edible oil. “Due to the heavy dependence on imports for edible oils, it is important to make efforts for increasing the domestic production of edible …

PM Modi's Mega Plan to Make Cooking Oil Cheaper; Cabinet to Announce Oil Mission Today
3 years, 7 months ago

PM Modi's Mega Plan to Make Cooking Oil Cheaper; Cabinet to Announce Oil Mission Today

News 18  

To make India self-sufficient in cooking oils, the Union Cabinet is expected to announce a new plan — National Edible Oil Mission-Oil Palm on Wednesday, sources told News18. “The government will invest more than ₹11,000 crore via the National Mission on oil seeds and Oil Palm to provide farmers everything possible, including better seeds and technology,” PM Modi said on …

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming
3 years, 7 months ago

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming

India Today  

The Cabinet approved the National Mission on Edible Oils Oil Palm with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. Agriculture Minister Narendra Singh Tomar said the new scheme aims to cover oil palm in an additional area of 6.5 …

PM transfers Rs 19,500-cr to farmers under PM-KISAN, announces mission to make India self-sufficient in edible oils
3 years, 7 months ago

PM transfers Rs 19,500-cr to farmers under PM-KISAN, announces mission to make India self-sufficient in edible oils

Firstpost  

An annual financial benefit of Rs 6,000 is provided to eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2,000 each, under the PM-KISAN scheme Prime Minister Narendra Modi on Monday virtually transferred about Rs 19,500 crore to over 9.75 crore beneficiaries farmers under the government’s PM-KISAN scheme. With this, the government has so far transferred nine …

Sri Lanka Bans Palm Oil Imports with Immediate Effect, Asks Plantations to Uproot Trees
3 years, 11 months ago

Sri Lanka Bans Palm Oil Imports with Immediate Effect, Asks Plantations to Uproot Trees

News 18  

Sri Lankan President Gotabaya Rajapaksa has banned the import of palm oil with immediate effect and ordered local plantation companies to uproot 10 per cent of their trees and replace them with rubber trees or other environment-friendly crops, a move that could benefit the domestic coconut oil industry. Companies and entities, which have done such cultivations, will be required to …

After four months, India resumes purchases of Malaysian palm oil, say traders
4 years, 10 months ago

After four months, India resumes purchases of Malaysian palm oil, say traders

Live Mint  

MUMBAI/SINGAPORE: Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said. India earlier this year restricted imports of Malaysian palm oil after then Prime Minister Mahathir Mohamad criticised policies by New Delhi affecting the country's Muslim minority. Malaysian …

Many Malaysians share Mahathir's concerns on Kashmir: expert
5 years, 1 month ago

Many Malaysians share Mahathir's concerns on Kashmir: expert

The Hindu  

Malaysian Prime Minister Mahathir Mohammad’s recent comments on Kashmir reflected the sentiment shared by many in the country, Elina Noor, a senior Malaysian expert on international affairs, has said. India’s decision to stop palm oil imports in response to the comments was expected, Ms. Noor observed and maintained that her country would look for alternative markets such as Pakistan. Prime …

Malaysia is 'too small' to act against India's import curb, says Mahathir
5 years, 2 months ago

Malaysia is 'too small' to act against India's import curb, says Mahathir

Op India  

After threatening India with a trade war, Malaysian PM seemed to have struck with a sobering realisation as he said that his country is “too small” to take retaliatory action against India over the palm oil curbs. As a probable result of the palm oil import curbs by India, benchmark palm futures in Malaysia tanked 10 per cent last week, …

Edible oil industry body demands cap on import of refined palm oil to protect local refiners, farmers
5 years, 2 months ago

Edible oil industry body demands cap on import of refined palm oil to protect local refiners, farmers

Firstpost  

Last week, the government had imposed restrictions on imports of refined palm oil and palmolein in the backdrop of remarks by Malaysia on the new citizenship law and Kashmir issue. New Delhi: The government should cap import of refined palm oil and palmolein at a maximum of 50,000 tonnes per month in order to protect local refiners and oilseed growers, …

Curbs on Palm oil from Malaysia may impact India’s food inflation
5 years, 2 months ago

Curbs on Palm oil from Malaysia may impact India’s food inflation

Hindustan Times  

India, the world’s biggest importer of edible oils, has curbed inbound shipments of palmolein or palm oil, whose main exporter is Malaysia, a move that can alter global trade in these items and stoke inflation. The directorate general of foreign trade, the country’s foreign trade regulator, had issued a notification on January 8, amending the foreign trade policy and putting …

Govt restricts refined palm oil imports from Malaysia over Kuala Lumpur's stand on Kashmir, CAA
5 years, 2 months ago

Govt restricts refined palm oil imports from Malaysia over Kuala Lumpur's stand on Kashmir, CAA

Firstpost  

Indonesia traditionally corned around two-third of India’s palm oil imports, but a lower duty on refined palm oil helped Malaysia to overtake Indonesia as India’s biggest supplier in 2019. It will hit Malaysia, the main supplier to India of refined palm oil and palmolein, but is likely to help Indonesia, the biggest exporter of crude palm oil. “Malaysia is in …

Solvent extractors association asks to hike import duty on Malaysian refined palm oil to safeguard domestic farmers
5 years, 9 months ago

Solvent extractors association asks to hike import duty on Malaysian refined palm oil to safeguard domestic farmers

Firstpost  

New Delhi: Expressing concern over Malaysian palm oil flooding Indian markets, edible oil trade body SEA on Friday asked Prime Minister Narendra Modi to hike import duty on palm oil being purchased from the South-east Asian country, to safeguard domestic oilseed farmers. In January, India had reduced import duty on refined palm oil sourced from Malaysia to 45 percent from …

Weak rupee will further curb palm oil imports, says trade body; duty hike in March and tighter credit hurt industry
6 years, 10 months ago

Weak rupee will further curb palm oil imports, says trade body; duty hike in March and tighter credit hurt industry

Firstpost  

The rupee has fallen about 4 percent since the start of April due to a broadly firmer US dollar and rising oil prices. Kuala Lumpur: Edible oil imports for the year to October 2018 may be nearly flat on 2017 as a weaker rupee adds to the impact of a tax hike on the country’s most imported edible oil, a …

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