Palm Oil

In August, India imported 6,000 tons of canola oil for the first time in nearly five years, the SEA said

India's annual palm oil imports to fall behind soft oils for first time, industry official says

Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could weigh on benchmark Malaysian palm oil prices and support U.S. soyoil futures

India's palm oil imports hit 14-year low as soyoil rises

Palm oil imports in January fell 45% from December to 275,241 metric tons, the lowest since March 2011, the Solvent Extractors' Association of India (SEA) said.

Bikaji Foods Q3: Revenue growth overshadowed by margin pressure

A sharp increase in input costs impacts gross margin while revenue growth remains strong

India's palm oil imports hit 14-year low as rival oils gain, dealers say

Palm oil imports plunged 46% in January from the previous month to 272,000 metric tons, the lowest since March 2011, according to estimates from dealers

Palm oil, world’s most popular vegetable oil, is no longer the cheapest

The tropical oil, which traded at a discount of $782 a ton to soyoil as recently as November 2022, is currently commanding a rare premium

India's April palm oil imports jump 34% on lower global prices

Palm oil accounted for 52 per cent of India's total edible oil imports of 13,04,409 tonnes in April, the trade body said in a statement, adding that sunflower and soybean oils import stood at 6,20,315 tonnes.

Big win, says 'Food Pharmer' after PepsiCo decides to cut palm oil in Lay's chips

The social media influencer said Indian snack makers such as Bingo and Haldiram will also be under pressure to cut or replace palm oil in their products

India's 1st oil palm processing unit starts operations in Arunachal Pradesh | India’s palm oil imports drop

India opens its first oil palm processing unit in Arunachal Pradesh. This achievement follows the launch of the National Mission for Edible Oils - Palm Oil in August 2021, aiming to produce 11.20 lakh tons of palm oil by 2025-26. With India importing 57% of its total edible oil needs, this initiative marks a significant step towards self-sufficiency. Despite global palm oil prices hitting a one-year high, India's palm oil imports in February saw a notable decline of 36%, the lowest since May 2023, showcasing progress towards domestic production and reduced dependency on imports. Catch Commodities Corner with Manisha Gupta and Atul Chaturvedi, Chairman of Asia Palm oil Alliance.

Market Live: Looming demand weakness keeps oil prices under pressure | Commodities Corner

Edible oil prices are under pressure due to weak China demand and favorable weather in Argentina and Brazil, Soyabean & Sunflower oil trade at discount for 1st time in an year. Catch Manisha Gupta in conversation with Dr. B.V. Mehta, the Executive Director of The Solvent Extractors' Association of India.

HUL to partner with Andhra for palm oil production

HUL is looking to collaborate with over 15,000 farmers in Andhra Pradesh to set up at least 30,000 hectares of oil palm plantations

India's palm oil imports rise 29% in Nov-Sept of 2022-23 oil year: SEA

India imports palm oil mainly from Indonesia and Malaysia and a small quantity of crude soft oil, including soyabean, from Argentina.

Climate Change: Europe’s palm oil fight is hazed and confused

If electric vehicles are incentivised, long-run demand for palm oil (and the incentive to clear more land) will shrink. Europe’s mistake in dealing with palm oil has been the same one that prohibitionists have always made: Attempting to limit supplies, when demand is the real source of the problem

Live: India's edible oil demand slips in Sept after record imports in July-Aug | Commodities Corner

Catch Manisha Gupta in conversation with Sandeep Bhan - COO Sime DArby oils as they talk edible oil only on Commodity Corner.

India's vegetable oil imports up 33% in August: Solvent Extractors' Association

The country's total vegetable oil imports during the first ten months of the 2022-23 oil year (November-October) increased by 24 percent to 141.21 lakh tonne, when compared to 113.76 lakh tonne in the year-ago period.

Industry experts come together to kickstart Mega Oil Plantation Drive in Northeast

Palm oil is the world’s highest-yielding oil crop. Its output is 5-10 times greater per hectare, offering a better land-use efficiency than other vegetable oils.

Why the Ukraine port strike may be bad news for inflation doves

Food prices are expected to stay elevated even if the grain deal is restored by some miraculous development, because the Odesa port will be out of operation for a while

India's palm oil imports hit 27-month low, buyers pick cheaper soft oils

Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added.

Rubber at a 9-Week high | Why are soft commodities on a surge? | Commodities live

Agricultural commodities on a surge. Rubber reaches a nine-week high. Rice at a five-week high. Palm oil prices surge by 4 percent overnight. Join in Commodities Live with Manisha Gupta to know why soft commodities are rising high.

Hindustan Unilever: Focus is on price-value equation for volume growth

Sequential margin recovery likely on the back of softening in commodity prices

HUL chief Sanjiv Mehta sees end to volatility in 4-5% volume growth for FMCG

For FY23, HUL's rural volumes declined 7 percent while in Q4 FY23, the fall was about 3 percent

Godrej Consumer Products: Poised for higher growth on many initiatives

Godrej Consumer’s long-term strategy of developing categories with continued media spend, and touching lower price points to attract more consumers have augured well. Moderation in raw material prices is a blessing.

Godrej Consumer Products: Investment in brands, correction in commodities augur well

Category development is bearing fruit and focus on investment in brands is aiding the strategy

Analysts bullish on Godrej Consumer Products but pre-COVID EBITDA margin still some time away

GCPL has increased its advertising and promotional expenses by 28 percent year-on-year, which is restricting its EBITDA margin expansion

Malaysia palm oil, rubber farmers file EU petition contesting deforestation law

The EU in December agreed on a deforestation law that requires companies to produce a due diligence statement showing when and where their commodities were produced and provide "verifiable" information that they were not grown on land deforested after 2020, or risk hefty fines.