When consumed as part of a balanced diet, palm oil is no more harmful than other edible oils. It has nearly equal proportions of saturated and unsaturated fats and is rich in antioxidants.
In April, Indian buyers opted to cancel large amounts of palm oil purchases for the first time in many years and industry was expecting May imports could fall to 700,000 tonnes.
India's palm oil imports fell to 510,094 tonnes last month, from 728,530 tonnes in March, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.
India had abolished basic import tax on crude palm oil (CPO) to keep a lid on prices and continue with a 5% tax called the Agriculture Infrastructure & Development Cess on CPO imports.
In the mid of climate crisis, Covid, the ban sent shock waves across India, Pakistan and Bangladesh. Now international markets can look forward to better times.
Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’.
Indonesia consumes just over a third of its palm oil production domestically but has banned exports to meet its needs, launching one of the most dramatic examples of food protectionism.
Premier David Eby, the leader of the minerals- and gas-rich province of British Columbia, spoke with executives at Tata Steel and Reliance Industries on a trade mission to India.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
Even food-literate people consume alcohol, saturated fat, sugar, and smoke marijuana/tobacco.