December 18, 2022 12:24 PM IST

Explained | Baby formula, potatoes, eggs—A year when world ran short of food and it's not over

The pandemic, followed by Russia’s invasion of Ukraine, inflicted back-to-back body blows on global supply chains and production, leading to shortages all around.

Centre extends concessional custom duty on edible oil import till March 2023

The current duty structure on crude palm oil, RBD Palmolein, RBD palm oil, crude soybean oil, refined soybean oil, crude sunflower oil and refined sunflower oil remains set till 31 March, 2023.

Jyothy Labs: Can it turn the corner?

With commodity prices correcting, investors need to keep an eye on the demand from rural markets

FMCG Review: Some green shoots appearing, though not yet out of the woods

Rural markets are likely to recover on the back of normal monsoon and higher MSP

India cuts base import prices of crude palm oil, gold

India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.

Indonesia to lift ban on palm oil exports from May 23

Indonesia, the world's top palm oil producer, has since April 28 halted exports of crude palm oil (CPO) and some derivative products in a bid to tame soaring prices of domestic cooking oil.

How long will Indonesia’s ban on crude palm oil exports last?

Analysts say higher crude palm oil prices will further force domestic fast-moving consumer goods companies to raise prices at a time when their previous price hikes have started to dent volumes

Soyoil surges to record high as Indonesia bans palm oil exports

While oilseed crushers have announced plans to expand processing capacity, most of the new facilities will not be online for at least a year, industry sources said.

Indonesia bans palm oil exports as global food inflation spikes

In a video broadcast, Indonesia's President Joko Widodo said he wanted to ensure the availability of food products at home, after global food inflation soared to a record high following Russia's invasion of major crop producer Ukraine.

From spreads to shampoo, palm oil is part of everyday life

Indonesia counts for more than half of the global supply of the edible oil, which is used in everything from cakes, chocolate, margarine and frying fats to cosmetics, soap, shampoo and cleaning products.

Effective import duty on crude palm oil cut to 5.5% to cool edible oil prices

The CBIC in a notification also extended the validity of reduced import duty on crude palm oil and other crude oils by six months till September 30.

Budget 2022: Why Rs 1,500 cr for edible-oil production?

Palm prices seen firm until February, but could ease from March: Analyst Dorab Mistry

Mistry pegged palm oil prices in a range from 4,000 ringgit to 4,400 ringgit during October to February before they ease in March.

India goes in for oil palm push, raising green issues

There are concerns that it may not be a good idea from the environment point of view to give a push to the growth of oil palm in biodiversity rich areas like the North-East and the Andamans

India cuts crude palm oil import tax, potentially boosting imports

The tax cut could make palm oil more attractive than rival soyoil and sunflower oil for Indian refiners and boost imports of the tropical oil in the next three months, supporting benchmark Malaysian prices.

India cuts import tax on crude palm oil to 10%

The new duty would be effective from June 30, the statement said.

Crude Palm Oil futures flat at Rs 1,141/10 kg after 5 days of losses; outlook bearish

Although the demand scenario in India is uncertain even though the lockdown situation in various states have started to ease for agricultural activities, the industries continue to stock in lesser Crude Palm Oil as the retail and cosmetic demand is lower in major parts of India, said Subramaniam.

Crude Palm Oil slips 3% this week on MCX driven by weak demand; downward momentum likely to continue

The momentum indicator Relative Strength Index (RSI) is at 51.05, suggests sideways movement in the prices.

Crude Palm oil struggles at higher level on weak demand, sell-off in soy oil

The momentum indicator Relative Strength Index (RSI) is at 50.40 which indicates neutral movement in the prices.

Crude palm oil to continue bullish momentum, up 1.4% during the week

The momentum indicator Relative Strength Index is at 62.67, which indicates bullish movement in the prices.

Crude palm oil at all-time high on strong demand; analysts maintain bullish outlook

The momentum indicator Relative Strength Index is at 61 which indicates bullish movement in prices.

Crude palm oil touches fresh lifetime high on firm demand, strong global cues

The market is trading in a strong uptrend and any dip in prices should be used as a buying opportunity for investors, said Purohit.

Crude palm oil futures decline 1.29% to Rs 1,158.80 per 10 kg on tepid demand

The momentum indicator Relative Strength Index is at 49.39 which indicates neutral movement in prices.

Crude palm oil futures drop 0.72% to Rs 1,198 per 10 kg in evening trade

The agri commodity has been trading higher than 50, 100 and 200-days’ moving averages but lower than 5 and 20 days’ moving averages on a daily chart for the May series.

Crude Palm oil slips after hitting new lifetime high on profit booking

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 66.22, which indicates bullish movement in the prices.