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 to less than 1 million acres, mostly in coastal Andhra Pradesh, the state that Telangana was carved out of in 2014. Now, with the Kaleshwaram lift irrigation project, we have ample water for oil palm," said farmer Bollampalli Venkateshwar Rao, who planted oil palms on 12 acres. Authorities are giving permission to cultivate oil palms only after farmers install water-conserving micro irrigation systems, said Reddy, adding "The central and state government's subsidies are covering almost the entire cost of drip irrigation system." The shift towards oil palm from paddy rice and other crops could help the state to bring down annual paddy procurement by around 2.5 million tonnes, and trim the electricity bill for lift irrigation projects by 15 billion rupees as drip-fed oil palms need less water than paddy, Reddy said.

India Oil Water Farmers Water Scarcity Indonesia Telangana State Reddy Million Tonnes Palm Irrigation Palms Palm Oil Oil Palm Oil Palms Germinated Sprouts Daravathu  water  telangana  palms  cut  oil  state  farmers  irrigation  tonnes  palm  billion  19  imports  big  vegetable  million  bets

History of this topic

Palm oil needs an image overhaul: It’ll be good for India
5 days, 14 hours 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 …

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, …

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 …

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 …

India plans to raise vegetable oils import taxes, government sources say
3 months, 3 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI -India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not to …

India plans to raise vegetable oils import taxes, government sources say
3 months, 3 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI, - India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not …

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 …

Telangana: Plan for Oil Palm in Forest Podu Land Gets Fresh Push
7 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 …

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 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 …

Godrej Agrovet to set up Rs 300 cr integrated palm oil complex in Telangana
1 year, 2 months ago

Godrej Agrovet to set up Rs 300 cr integrated palm oil complex in Telangana

Business Standard  

Godrej Agrovet Ltd on Saturday said it will set up an integrated palm oil complex in Telangana with an investment of Rs 300 crore over the next 3-4 years. The palm oil complex, to be set up in the Khammam district of Telangana, is spread over 125 acres and will consist of a crude palm oil mill along with the …

Why Meghalaya plans to stay away from Palm Oil plantations
1 year, 3 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 …

Telangana faces huge vegetable crunch
1 year, 5 months ago

Telangana faces huge vegetable crunch

Deccan Chronicle  

HYDERABAD: Telangana requires nearly 40 lakh tonnes of vegetables every year but it produces just 19 lakh tonnes forcing the state to depend heavily on procurement from other states. The government is not taking steps to encourage farmers to sow vegetable crops and even stopped subsidies to vegetable farmers since 2018. According to a report submitted to the state government …

The push for oil palm plantations raises concerns in India’s north-eastern region
1 year, 6 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, 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 …

Farmers in Nagaland reluctant to grow oil palm because no one is buying
1 year, 9 months 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 …

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 …

Godrej to set up Rs 250 crore edible oil processing plant in Telangana
1 year, 11 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 …

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

Oil Palm cultivation facing odds, farmers seek remunerative price
2 years, 1 month 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, 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 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 …

Palm cultivators demand share of kernel oil profits
2 years, 4 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, 4 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 …

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 …

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 …

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 …

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 …

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 …

Andhra Pradesh to fix prices of oil palm soon
2 years, 7 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, 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 …

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, …

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 …

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 …

Edible Oil Prices to Hike Further as Indonesia Bans Export of Palm Oil; Know Details
2 years, 8 months ago

Edible Oil Prices to Hike Further as Indonesia Bans Export of Palm Oil; Know Details

News 18  

The price of edible oil in India is likely to shoot up as Indonesia recently announced a ban on export of palm oil owing to local shortage. For India, a halt in palm oil supply from Indonesia would mean a loss of about 4 million tonne of the edible oil each month, as per Mint. “Experts said that India’s sunflower …

Cooking oil prices in India may spike on Indonesia's palm oil export ban: Report
2 years, 8 months ago

Cooking oil prices in India may spike on Indonesia's palm oil export ban: Report

Hindustan Times  

Edible oil prices in India - already high - are likely to increase with Indonesia - the world's biggest palm oil producer - set to ban exports from April 28 in the wake of a local shortage. Indonesia produces over half world's supply of palm oil - used in everything from processed foods and cosmetics to biofuels - and accounts …

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