Malaysia, the world's second-largest palm oil producer, saw its palm oil stocks fall 6.32 per cent from the previous month to 1.88 million tonnes at the end of October, official data showed Monday.
Edible oil industry body The Solvent Extractors' Association of India has sent a memorandum to union commerce minister Piyush Goyal seeking a raise in import duty difference between crude palm oil and its refined variant.
The apex edible oil industry associations from five major palm oil importing countries in Asia have come together for the first time to form an alliance -- Asian Palm Oil Alliance (APOA). The alliance is between industry bodies of India, Pakistan, Sri Lanka, Bangladesh and Nepal.
"As per the industry sources, the present stock of all edible oils in the country is 21 lakh metric tonnes (LMT) approximately and 12 LMT approximately is in transit arriving in May 2022. Therefore, the country has sufficient funds to cover the lean period due to the ban on export by Indonesia"
Two days after the export ban on palm oil by Indonesia became effective, India on Sunday said it has an optimum stock of all edible oils, sufficient to cover the lean period.
The northeastern state of Mizoram is already witnessing environmental and social impacts from oil palm cultivation
Taking a serious view of sale of adulterated mustard oil in Punjab, Food and Drug Administration (FDA), commissioner KS Pannu…
