MUMBAI (May 23): India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday (May 23).

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices. Malaysia and Indonesia, the two largest global producers, may lower their palm oil offers to regain market share from other edible oils.

India's May palm oil imports set to hit 27-month low

MUMBAI (May 22): India is bracing for a second currency note exchange programme in less than seven years, pulling its 2,000-rupee note out of circulation in an exercise that comes ahead of a series of crucial state elections.

The withdrawal of the economy's highest denomination note is expected to be far less disruptive than a 2016 move to demonetise 86% of the country's currency in circulation overnight, which led to a sharp economic slowdown.

India's latest currency note exchange seen less disruptive than 2016

MUMBAI (May 3): India's palm oil imports in April fell 30% from a month earlier to hit a 14-month low, as its premium over rival soft oils prompted price-sensitive buyers to shift to sunflower oil and soyoil, five dealers told Reuters.

Top palm oil buyer India's April imports fall to 14-month low, say dealers

Indian buyers have opted to cancel 75,000 tonnes of palm oil purchases for the first time in many years and switch to rival soft oils, such as sunflower oil and soyoil, five industry officials told Reuters.

Palm oil's rare premium leads to 'wash out' in India — dealers

Palm oil's rare premium over rival rapeseed oil and sunflower oil is likely to be short-lived and it should start trading at a discount once top producer Indonesia eases export curbs after Ramadan, industry participants told Reuters.

Palm oil's premium to be short lived, to fade with Indonesian supply

MUMBAI (March 15): India's palm oil imports in February dropped 30% from January to their lowest in 8 months on weak demand amid build-up in stocks because of excessive imports during November-January, a leading trade body said on Wednesday (March 15).

The reduction in palm oil imports by India, the world's biggest importer of vegetable oils, could weigh on Malaysian palm oil prices.

Top palm oil buyer India's Feb imports drop to eight-month low

KUALA LUMPUR (March 8): Malaysia benchmark crude palm oil futures will average RM3,760 (US$831.86) a tonne in 2023, down from RM4,920 in 2022, pressured by lower gasoil prices, leading analyst James Fry said on Wednesday.

Palm oil to fall to RM3,760/tonne average in 2023, says analyst Fry

KUALA LUMPUR (March 8): Malaysia’s palm oil stocks could fall below two million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.

Malaysia’s palm oil stocks could fall below two million tonnes by end April, says MPOB

Malaysia's palm oil companies must replant its vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain its competitiveness as the world's second-largest producer, an industry executive said on Tuesday (March 7).

Malaysia's palm oil firms must replant old trees or perish, says industry executive

KUALA LUMPUR (March 7): Malaysia's palm oil output in 2023 could be lower than expected if El Nino weather pattern develops in the second half of the year as forecast by some weather agencies, the country's biggest palm oil producer FGV Holdings Bhd told Reuters on Tuesday (March 7)....

FGV warns El Nino may hit palm oil output

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Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

Rajendra Jadhav

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Rajendra Jadhav

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