India’s edible oil imports fell by 16% year-on-year in July, sliding to 15.48 lakh tonnes, as lower palm and sunflower oil shipments weighed on the trade balance

India plans to increase sourcing of pulses and edible oils from Brazil in order to diversify its import dependence on a few countries.

The government will take steps to achieve atmanirbharatha (self-sufficiency) in edible oils and pulses, according to Union Finance Minister Nirmala Sitharaman

Malaysian palm oil futures have dropped as a result of slow export activity combined with fluctations in the world market and falling prices of competing vegetable oils.

Following a $100 per tonne drop in the international prices of soybean, sunflower, and palm oil in the past two weeks

The Solvent Extractors' Association of India (SEA) reported that India's imports of palm oil increased 60% from September to 845,682 metric tons in October

The high tariffs imposed by the Trump Administration on Chinese goods could lead to a reduction in soybean seed

BMI A Fitch Solutions Company has raised its price forecast for Bursa Malaysia-listed third-month crude palm oil futures contracts in 2024 and 2025 from RM3,850 to RM4,050 per tonne and MYR3,650 to MYR3,900 per tonne, respectively.

Edible oil associations have been advised by the Indian government to maintain the minimum

India's edible oil consumption is expected to rise by 2%-3% this year as cooking oils remain affordable despite an increase in import duties, a leading importer

Do you export or import palm oil in bulk? There's important news for you. Starting September 14, India has increased its import tax on palm oil and other edible oils by 20 percent.

The total rise in palm oil imports in July was driven by a spike in the import of palm oil. The Solvent Extractors' Association of India (SEA) reports that, in July 2024

According to CRISIL Ratings, local edible palm oil refiners' revenues should increase by almost a tenth this fiscal year due to stable demand and increasing realisations

A price hike of Rs 5-6 per litre in Indian cottonseed oil is expected during the upcoming festive season, driven by increased demand. Despite a promising cotton yield this season, industry experts anticipate this price rise.

India purchased a record amount of edible oils for delivery in July as refiners boosted their purchases of soy oil and palm oil because of the lucrative prices

India's Food Secretary, Mr. Sanjeev Chopra, recently announced that retail prices of essential food items such as wheat, rice, sugar, and edible oils are unlikely to experience significant increases during the upcoming festival season.

Bangladesh imports most of its sugar and soybean oil for its domestic requirements due to low domestic production of both the commodities and in a recent move, the prices of both the commodities have been slashed by the domestic refiners.

According to industry officials, demand for palm oil has been growing as its price advantage over soy oil and sunflower oil has increased.

In the ongoing agricultural season 2022/23 (September-July), the member states of the European Union (EU) have emerged as the leading importers of Ukrainian sunflower oil, consuming approximately 2.25 million tons.

The most recent set of sales data highlighted exports of the new soybeans crop.

Ukraine and Russia are both major global suppliers of wheat, barley, sunflower oil, and other food staples used by developing countries.

On April 30, edible oil refiners in Bangladesh sought to raise their prices by as much as 9.62% because the industry would no longer benefit from a reduced tax rate after its one-year tenure is up.