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India’s crude palm oil imports in January jumped 44.99 per cent y-o-y to 7.67 lakh tonnes, the Solvent Extractors’ Association of India (SEA) said.

MUMBAI, Feb 12 (Reuters) - India's palm oil imports jumped 31% in January from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyoil and sunflower oil imports fell, a trade body said on Thursday.

MUMBAI: India’s palm oil imports jumped 31% in January from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyaoil and sunflower oil imports fell, a trade body said on Thursday.

JAKARTA, Indonesia — Malaysia and Indonesia on Friday agreed to coordinate and strengthen their campaign against they say is international discrimination against palm oil, the countries’ main commodity.

India’s palm oil imports from Malaysia may take a hit in the current month, considering the duty structure changes announced by the government in its annual budget presented on Feb. 1. India had slashed the basic import duty on crude palm oil (CPO) to 15% from 27.5%.

KUALA LUMPUR: Malaysia's crude palm oil (CPO) inventory rose 4.8 per cent month-on-month (m-o-m) to 1.33 million tonnes in January, more or less within consensus' estimate of 1.29 million tonnes, with significantly lower-than-expected exports.

SINGAPORE, Feb 15 (Reuters) - Malaysian palm oil futures climbed 2% on Monday, bouncing back from the last session's losses, as a spike in crude oil prices made the vegetable oil a more attractive feedstock option for biodiesel.

A plan to make gasohol E20 the primary fuel for motorists in July has been postponed indefinitely because of higher biofuel prices, creating a financial burden for the Oil Fuel Fund.

HAMBURG: The lowest offer in an international tender on Thursday from Egypt's state agency GASC to purchase at least 30,000 tonnes of soyaoil was said to be $1,072 a tonne c&f on immediate payment terms, traders said in initial assessments.

MALAYSIA’S export earnings from palm oil and palm oil products amounted to RM72.8 billion last year, the highest since 2017, said Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.

KUALA LUMPUR (Feb 10): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger exports, a trader said.

TEMPO.CO, Jakarta - Indonesia's exports of palm products managed to increase amid the pandemic Covid-19. Last year, the export value reached US$22.97 billion or around Rp321.5 trillion.