edible oil price

Indonesia palm oil export ban dents FMCG stocks; oil companies rally

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Indonesia palm oil export ban dents FMCG stocks; oil companies rally

New Delhi: FMCG stocks were in a rude shock during early trade on Monday following a shortage of palm oil which led to strict actions from major exporting nations. However, edible oil companies gained over the buzz. Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this … Read more

India’s vegetable oil imports cost a record $15.7 billion

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India’s vegetable oil imports cost a record .7 billion

India’s bill for imports of vegetable oil jumped 63% in 2020/21 from a year ago to a record 1.17 trillion rupees ($15.71 billion) as overseas prices of edible oils surged, a leading trade body said on Tuesday. The South Asian nation is the world’s biggest importer of edible oils, and higher purchases of palm oil, … Read more