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NEW DELHI: India's imports of refined palm oil fell sharply in October from the previous month, as an import duty hike aimed at protecting the local refining industry from cheaper Indonesian supplies of the edible oil took effect.
NEW DELHI: India's vegetable oil imports soared 27 percent from a month ago to an all-time high in January on purchases of cheap palm oil, a trade body said, raising the prospect for further curbs on cheap imports from Malaysia and Indonesia.
NEW DELHI: India's palm oil imports dropped almost 10 percent in February from an all-time high in the previous month, a trade body said on Thursday, hurt by a duty hike to curb cheap imports from Southeast Asia and record stock levels.
NEW DELHI: India could produce up to 13 percent more rapeseed oil in 2014 as farmers take advantage of monsoon-soaked land to grow the more lucrative crop, traders said, which would help curb imports and its trade deficit. Increased domestic rapeseed output could help India, top global importer of edible oils, rein in its purchases of palm oil from Malaysia and Indonesia next year.
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.
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 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 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 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.