Monday, 23 May, 2022
TopicPalm oil

Topic: Palm oil

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.

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.

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.

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'.

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

‘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.

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...

Pizza dough to lipstick to biodiesel — India needs Malaysia’s palm oil but traders wary now

Malaysian prime minister had ticked off New Delhi after saying India ‘invaded’ Kashmir, prompting India to threaten palm oil restrictions.

Malaysian PM’s comments on Kashmir spark unlikely battle in palm oil trade

Buyers have been shifting their business to Indonesia as they anticipate the Modi govt to enforce curbs on trading with Malaysia after its PM said India invaded Kashmir.

On Camera

YourTurn

Golden Temple

What Akal Takht must know about harmonium and music before banishing it from Golden Temple

In an era where India’s past and ‘purity’ are constantly being dug up and debated, the humble harmonium has become the latest victim.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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