• imports of fake cheese ingredient palm oil press machine soar in India
  • imports of fake cheese ingredient palm oil press machine soar in India
  • imports of fake cheese ingredient palm oil press machine soar in India
  • imports of fake cheese ingredient palm oil press machine soar in India
  • Will India increase palm oil imports?
  • Five traders shared this information with Reuters. As the world’s largest importer of vegetable oils, India significantly increased its palm oil imports. This surge is expected to potentially bolster palm oil prices on the Malaysia Derivatives Exchange, which traded at their highest levels in over two months.
  • How many shipments of palm oil were imported in India?
  • According to India's palm oil import data, 10,772 shipments of palm oil were imported between March 2023 and February 2024 (TTM). These imports were supplied to 223 Indian consumers by 644 foreign exporters, a -24% rise over the preceding 12 months. In February 2024 alone, palm oil import in India had 554 cargoes during this period.
  • Why did India's palm oil imports soared to a six-month peak?
  • India's palm oil imports soared to a six-month peak in May, driven by depleted inventories and attractive pricing compared to soy and sunflower oils. Refiners ramped up purchases, potentially bolstering Malaysian palm oil prices and U.S. soy oil futures.
  • Why did palm oil & soyoil imports surge in India in July 2024?
  • PALMOILMAGAZINE, MUMBAI – Palm oil and soyoil imports in India reached their highest level in a year in July 2024, according to six traders last Friday. The surge was driven by distilleries increasing their purchases due to a price correction and anticipation of import duties.
  • Will palm oil price correction boost consumption in India?
  • The recent correction in palm oil prices and reduction in import duty is likely to boost consumption in India, Bajoria said. India halved the basic import tax on crude edible oils to 10 per cent on Friday to bring down food prices and help the local refining industry.
  • Why did refiners increase palm oil prices in May?
  • Refiners ramped up purchases, potentially bolstering Malaysian palm oil prices and U.S. soy oil futures. India's palm oil imports in May surged to a six-month high, as lower inventories and the tropical oil's discount to rival soy oil and sunflower oil prompted refiners to increase purchases, according to five dealers.