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MARKET DEVELOPMENT
18-01-2013

India\'s Move To Raise Edible Oil Import Duty Will Only Have Minimal Impact - OSK Research

18/01/2013 (Bernama) - The import duty hike on crude edible oil by the Indian government will only have minimal impact on the Malaysian palm oil industry, a leading research house said today.

MARKET DEVELOPMENT
18-01-2013

Oil Palm: Answer to India\'s Edible Oil Problem

18/01/2013 (Economic Times) - Indians love their food when it is deep fried in oil, be it their favorite samosa, vada, jalebi or gulabjamun. But the source of this oil is seldom known. Probability is more than half that these are being fried in imported oils. In this context, it may be worth noting that, based on data collated from The Solvent Extractors\' Association of India, during November 2011 to October 2012 (oil year), India imported 10 million tonnes (mt) of edible oils costing 56,295 crore. This is the highest amount ever imported by India and comprises about half of India\'s total consumption of edible oils. The cost of these imports has gone up by almost 380% in the last six years, up from 14,709 crore in 2006-07 (see Graph; data collated from Ministry of Commerce shows even faster increase). This has contributed to widening the current account deficit, and today, it exceeds all agri-imports of India by a wide margin. The projections of demand and supply of agri-products also show that the biggest challenge of Indian agriculture will be in producing enough edible oils at globally competitive rates to meet its rising demand.

MARKET DEVELOPMENT
17-01-2013

VEGOILS-Malaysia\'s Zero Export-Tax Optimism Lifts Palm Oil

17/01/2013 (Reuters) - Malaysian palm oil futures rose to their highest in over a week on Wednesday on investor optimism a zero-duty tax structure will spur exports from the world\'s No.2 producer and help boost global demand for the tropical oil.

MARKET DEVELOPMENT
17-01-2013

Palm Oil Stockpiles in Indonesia Seen Rising as Exports Drop

17/01/2013 (Bloomberg) - Palm oil inventories in Indonesia will probably rise to almost 90 percent of capacity as exports from the largest grower drop after Malaysia set its tariff at zero and as China imposed more stringent rules on shipments.

MARKET DEVELOPMENT
17-01-2013

India Said to Consider 5% Tax on Crude Palm Oil to Curb Imports

17/01/2013 (Bloomberg) - India, the worldâ€™s second-biggest cooking oil consumer, will consider imposing a 5 percent duty on imports of crude palm oil to shield domestic oilseed growers from cheap supplies, two government officials said.

MARKET DEVELOPMENT
17-01-2013

Red Palm Oil, Quinoa, Saffron Top 2013 Food Trends

17/01/2013 (CANOE) - Ditch the dieting, embrace your inner quinoa and get sassy with saffron. And don\'t forget to rub a little red palm oil behind your ears. So it is that 2013 shines bright with culinary promise and the happy arrival of yet another batch of the newest food trends.

MARKET DEVELOPMENT
17-01-2013

Equity Better Than Oil Royalty â€” Masing

17/01/2013 (Borneo Post) - Pakatan Rakyatâ€™s promise of giving Sarawak a 20 per cent oil royalty as compared to the present five per cent if it managed to win the fast-approaching general election is only good in theory.

MARKET DEVELOPMENT
17-01-2013

Cabinet Approves Imposition of 5 Per Cent Duty on Edible Oil Imports

17/01/2013 (NDTV) - The Union Cabinet has approved the imposition of a 5 per cent import duty on crude edible oil and 2.5 per cent import duty on crude palm oil. The measure was earlier proposed by the Agriculture Ministry to protect the domestic industry and farmers.

MARKET DEVELOPMENT
17-01-2013

Edible Oils Trade Agog With Talk of Import Duty Hike

17/01/2013 (Hindu Business Line) - Edible oils market witnessed higher volumes on Wednesday as stockists covered about 1,700-1,800 tonnes of imported oils on speculation that the Government may raise import duty on edible oils.

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 31 Mar 2026

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