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MUMBAI: India's palm oil imports in May plunged 38 percent from a year earlier to their lowest in nearly 4-1/2 years as higher import tax on the tropical oil made it more expensive, a trade body said on Thursday. India buys palm oil from Indonesia and Malaysia; and soyoil mainly from Argentina and Brazil, while it purchases sunflower oil from Ukraine.
MUMBAI: Indian farmers are likely to expand soybean planting areas by nearly 15 percent after the government raised edible oil import tax to the highest level in more than a decade, lifting domestic oilseed prices to nearly two-year highs, a trade body said.
MUMBAI/NEW DELHI: India has raised import tax on edible oil to the highest level in more than a decade, the government said in an order, as the world's biggest importer of edible oils tries to support its farmers.
NEW DELHI: India will allow foreign companies to directly invest in palm oil plantations, the government said on Tuesday, as Prime Minister Narendra Modi aims to cut imports of cheap vegetable oils and make the country self-sufficient this decade.
NEW DELHI: India's soyoil imports are expected to drop in 2014/15, as the world's top importer is set to harvest a bumper soybean crop aided by a late surge in the monsoon rains, traders said on Friday.
NEW DELHI: India's vegetable oil imports in August touched a record 1.3 million tonnes, a trade body said, helped by the highest ever soyoil imports on expectations of a poor soybean harvest
NEW DELHI: India's palm oil imports rose 22 percent to 654,255 tonnes in May from a month ago, data from the Solvent Extractors' Association of India showed, as buyers stocked up ahead of the Muslim holy month of Ramadan when demand typically peaks.
NEW DELHI: India's palm oil imports are expected to rise in May, as stocks are increased ahead of Ramadan to meet demand for cooking oil during the Muslim holy month.
NEW DELHI: India's palm oil imports rose 35 percent in March, snapping two straight months of declines as buyers built stocks after overseas purchases hit a near three-year low in February, data from the Solvent Extractors' Association showed on Tuesday.