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CPO 5
Cracked 19 govt exams! This 23-year-old Raipur woman stunned nation with historic feat; Now she will receive award at Rashtrapati BhavanTwenty-three-year-old Charu Pandey from Raipur has achieved an extraordinary feat by clearing 19 competitive examinations, including presti...- Ola’s valuation crashes 99%; Snapchat India ad pushHappy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Disp...
- Servotech Power Systems to install 5,000 EV charging stations in IndiaIn a significant stride towards bolstering electric vehicle (EV) infrastructure in India, Servotech Power Systems declared its ambitious in...
- Edible oils import up 34pc to 15.29 lakh tonne in Nov; crude palm oil shipment at record highAs per the data, imports of vegetable oils rose 32 per cent in November 2022 to 15,45,540 tonne from 11,73,747 tonne in the same month last...
- India cuts tax on crude palm oil imports to help consumers, refinerThe reduction in the tax, known as the Agriculture Infrastructure and Development Cess (AIDC), will widen the gap between the CPO and refin...
- Effective import duty on crude palm oil cut to 5.5% to cool edible oil pricesThe effective import duty on crude palm oil will now come down to 5.5 per cent, from 8.25 per cent, after taking into account agri developm...
- SEA wants Centre to restrict import of refined palm oils to save local refining industryIn December 2021, the government reduced import duty on RBD palmolein and RBD palm oils by 5.5 per cent to check prices of edible oils in t...
- ONGC gains 5% as overseas arm discovers oil in ColumbiaIn a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombi...
- India's palm oil imports set to jump as tax cut lures refinersHigher imports by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil prices that hit their highest lev...
- ONGC Videsh makes two new oil discoveries in Colombia, BrazilONGC Videsh struck an oilfield in Colombia and a major natural gas discovery in the deep offshore exploration in Brazil thereby strengtheni...
- Malaysian palmolein floods Indian marketsIndia consumes around 23 million tonnes of vegetable oils every year.
- Reducing palm oil duty a death knell for India's refining industry: Solvent Extractors' Association of IndiaThe Centre, in a notification last night, reduced the duty difference between CPO and palmolien from 10% to 5% on palmolien to be imported ...
- ONGC Videsh to pump $150 million in Colombia, Kazakhstan & BangladeshONGC Videsh, which operates the CPO-5 block of Colombia, has made a commercial discovery in its exploration well Mariposa-1.
- Refined palm imports from Indonesia risingThis means not only is India importing more RBD olein, it also has begun importing stearin, a by-product of CPO fractionation.
- Refined oil import slashes capacity utilization in Indian unitsThe refining sector of the vegetable oil industry is suffering heavily and capacity utilization has further reduced due to larger import of...
- Solvent Extractors' Association of India seeks higher import duty on refined oilSEA pitched for raising import duty on refined palmolein oil in order to discourage its cheap import and safeguard the interest of domestic...
- SEA seeks rise in import duty structure on vegetable oilsSEA, a body of edible oil industry has sought a rise in import duty of Refined Palmolein Oil, to protect the domestic refining industry.
- Domestic edible oil industry urges govt to hike the import duty on RBD palmolein to 16.5%Earlier this week, the body had met food and consumer affairs minister K V Thomas to impress the gravity of the issue upon him.
- MCX to relaunch crude palm oil contracts todayThe Multi Commodity Exchange (MCX) will relaunch its crude palm oil (CPO) futures contract on Friday.
- Vanaspati cools after edible oil import duty cutThe government move on lowering customs duty on edible oils for pushing down its prices has started yielding positive results.
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