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India s May palm oil imports drop 10% as Indonesia curbs exports: SEA

Adani Wilmar stock slips 5% in afternoon trade, here s why

Shares of Adani Wilmar fell 5 per cent today amid a report that Indonesia could restart shipments of palm oil whose export was banned to contain the soaring local prices of cooking oil. Indonesia had lifted the ban on export of palm oil on May 23 but companies were facing regulatory hurdles that were slowing the process of getting their shipments out. Shares of Adani Wilmar, which had surged due the palm oil export ban, are now heading south for the last two sessions. Adani Wilmar stock fell 5 per cent today amid volatile sentiment in the broader indices.

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