India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
India’s palm oil imports are set to jump 26 per cent to a record high in the 2022-23 year ending on 31 October, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country’s top palm oil buyer told Reuters on Wednesday. Higher purchases by the world’s biggest importer of palm […]
Rajiv Ghosh, deputy director of Horticulture Research, Tripura, said the government is continuously making efforts to raise the area production of palm oil. For increased availability of edible oils in the country and to reduce the import burden, various interventions were taken since 1991-92 through different schemes, the deputy director said. “National Mission On Edible […]
India extended a policy allowing it to import refined palm oil at a lower duty and allowed the import of 51.000 tonnes of cotton duty-free in 2023; the government announced late Thursday. It has been extended “until further orders,” according to the government. India reduced the basic import tax on refined palm oil to 13.75 […]
