Indonesia ban: Big grocery shock looms as food giants face cooking oil risk : Rashtra News #Indonesia #ban #Big #grocery #shock #looms #food #giants #face #cooking #oil #risk Indonesia’s shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever
India s palm oil imports in
March plunged to their lowest level in 10 months as higher
prices prompted refiners to substitute palm oil with sunoil,
resulting in sunoil imports reaching the. -April 11, 2024 at 09:00 pm EDT
- MarketScreener
India's March palm oil imports drop to 10-month low as sunoil jumps | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The share of vanaspati in the basket of different types of cooking oils consumed by Indians has nearly halved in the past decade to 2.88%. However, it still holds the second-highest weightage of 14.35% in the wholesale price index (WPI) after palm oil, whereas sunflower and soybean oils, which are now consumed more, get a lower weightage in the WPI of 2011-12, an anomaly which may lead to erroneous data about inflation.
Palm oil imports increased due to lower duty, says SEA : Rashtra News Due to relaxation in policy for import of RBD Palmolein, import of refined palm oil in to India increased substantially in August 2021 and reported at 187,471 tons and likely to continue similar volume in coming months, informed Solvent Extractors' Association (SEA)