Daily Archives: September 26, 2019

INTERVIEW:GAPKI sees Indonesian 2019 palm oil export to India dn 25%

MUMBAI – Earlier this month, India raised customs duty on Malaysian palm oil, bringing the import duty rate at par with those on other countries such as Indonesia. However, Indonesian Palm Oil Association sees the hike as too late to recover the market share lost to its closest competitor in India, the world’s biggest importer…

India’s palm oil imports could hit record on rising demand

India’s palm oil imports in 2019/20 are likely to rise 2% from a year earlier to a record high as consumption in the world’s biggest edible oil buyer will expand more rapidly than local supplies, a leading industry analyst said on Wednesday. Higher imports may help support benchmark Malaysian palm oil prices that in July…