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Representational image of a palm oil plantation in Indonesia | Photo: Commons

Malaysian palm oil exports to India seen hitting new record low

Malaysia exported just 10,806 tons of palm oil to India in March which is 97% lower than last year and the lowest monthly total since the year 2000.
A net of harvested oil palm fruit | Photographer: Sanjit Das | Bloomberg

$1.4 billion of palm oil is caught in CAA, Kashmir crossfire between India and Malaysia

If India’s imports from Malaysia drop, about 2 million tons of Malaysian processed palm oil products worth $1.4 billion may need new buyers.
Representational image of a palm oil plantation in Indonesia | Photo: Commons

Palm oil ban aimed at Malaysia, import from Indonesia and Nepal will be ‘fast-tracked’

Commerce ministry issues notification restricting import of refined palm oil. Move is apparently directed at Malaysia due to its souring relationship with India.
A net of harvested oil palm fruit | Photographer: Sanjit Das | Bloomberg

India switches to sunflower oil as palm oil imports fall on soaring prices

Palm oil has soared more than 50% since middle of July on concerns about falling output & growing demand for biofuel, making shipments expensive.
Representational image of an Indonesian palm oil plantation

Surge in Indonesia and Malaysia’s palm oil prices may shrink sales to India

India will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low.

Palm oil market is becoming one of the fastest growing sectors for commercial drones

A technology drive is catapulting palm oil, the world’s most-consumed vegetable oil, as drones cut down dependence on manual labour for spotting fires and collecting important data.
A net of harvested oil palm fruit | Photographer: Sanjit Das | Bloomberg

Palm oil prices likely to rise as demand for its use in biofuel increases

Indonesian President Joko Widodo’s support for B30, a program that requires biofuels to be made using 30% palm oil from 2020, has been a 'game changer'.
A net of harvested oil palm fruit | Photographer: Sanjit Das | Bloomberg

India considers increasing taxes on refined palm oil imports

The move, aimed at boosting domestic production, could reduce import of refined palm oil from top producers Indonesia and Malaysia
File photo of Malaysian Prime Minister Mahathir Mohamad | Flickr

‘We speak our minds, don’t retract & change’: Malaysian PM stands by remark on Kashmir

Malaysian Prime Minister Mahathir Mohamad had raised the Kashmir issue at the UNGA last month and saying India had invaded and occupied Jammu and Kashmir.
A net of harvested oil palm fruit | Photographer: Sanjit Das | Bloomberg

Avoid buying palm oil from Malaysia, Indian processors group tells members

New Delhi: The trade spat between India, the world’s biggest palm buyer, and Malaysia seems to be escalating, with an influential processors’ group in Mumbai asking its members to refrain from buying the tropical oil from the second-largest producer. Malaysian Prime Minister Mahathir Mohamad last month told the United Nations that India “invaded and occupied” Kashmir. Since then, many Indian buyers of palm oil have started shifting to supplies from Indonesia amid concern that Prime Minister Narendra Modi will curb purchases of the vegetable oil from Malaysia. “The recent developments pertaining to strained relations between our nation and Malaysia have put a lot of responsibility on our industry in view of huge imports of palm oil” from the Southeast Asian country, the Solvent Extractors’ Association of India said in a statement on Monday. “In your own interest as well as a mark of solidarity with our nation, we should avoid purchases...

On Camera

Representational photo

Why music’s last best hope lies in live-streaming

Live performances have been one of the few ways for musicians to make money after cheap streaming services undermined sales of most recorded music. And then Covid shut that down.
Representational image of a deserted market during the 2019 shutdown in Srinagar, Kashmir | Photo: PTI

Internet shutdowns, pandemic have cost Kashmir Rs 40,000 cr, 5 lakh jobs, says industry head

Kashmir Chamber of Commerce and Industry president Sheikh Ashiq Ahmad said the 2G internet currently available in the region is not enough for many businesses.

Defence

Representational image. A file photo of light Sprut-SDM1 tank in Moscow. | Photo: Commons

Russia offers India Sprut lightweight tanks amid stand-off with China

Russia's offer comes as China has deployed Type 15 light tanks while India has relied on the heavier battle tanks. Talks are on, but no immediate purchase is on the cards.
Illustration by Soham Sen | ThePrint

Modi govt’s NEP is out of touch with reality, Indian voters want English-medium education

State leaders with their ear to the ground, like Nitish, Mamata and Yogi, have shown that the push for native language education is not what voters want.