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INDIA IMPORTS PALM OIL
Five-year fuel contract with Mauritius: IndianOil turns 25-year presence into strategic footholdIndia has signed a five-year fuel supply agreement with Mauritius under which IndianOil will meet the island’s entire import requirement of...- India's vegetable oil imports strain port storage, delaying unloadingIndia’s aggressive edible-oil imports have clogged major ports, delaying vessel unloading by up to 10 days as storage tanks fill. At least ...
- Govt mulls FDI liberalisation in plantation sectorIndia is considering liberalizing foreign direct investment norms for plantations. More commercial crops like bananas could be included und...
- In 1947, Frank Sinatra commissioned Twin Palms in Palm Springs; 64 years later, the glass-walled desert home was designated a Class 1 Historic SiteIn 1947, music legend Frank Sinatra enlisted architect E. Stewart Williams to create his desert retreat, resulting in the stunning Twin Pal...
- India's national interest guides its energy purchases, MEA says on Russian oil importsIndia's energy purchases are guided by national interest and the needs of its people. External Affairs Minister S Jaishankar stated the Rus...
- World food prices at highest since 2022 as supply risks mount, FAO saysGlobal food prices reached their highest point since late 2022. Adverse weather and war disruptions are increasing concerns over staple sup...
- Trump tariffs put a basic food ingredient in the crosshairs. An unlikely critic objectsUS President Donald Trump’s tariff regime has drawn an unlikely critic as the Orthodox Union warns proposed US duties on vegetable-based fa...
- Russia Sanctions Bill: India gets a breather as Trump’s 100% tariff weapon stalls in US HouseA US Senate bill to impose tougher sanctions on Russia is facing growing opposition in the House, making it unlikely to move before the Nov...
- India’s EV push could slash annual oil and battery import bill by $125 billion by 2050: StudyIndia has the potential to save as much as USD 125 billion every year by 2050 through a swift transition to electric vehicles. The savings ...
- Indian FMCG stares at broadening commodity inflation and a new source of cost pressureThe raw-material cost environment for FMCG makers has become increasingly uneven in the second quarter of FY27, with prices of several agri...
- Oil importers are learning to live with a new reality as old routes of business fall apartOngoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply ...
- Roubles and rupees: Russia says no more hurdles in payments with IndiaRussia and India have built a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent...
- ONGC Videsh eyes Venezuela oil assets after US green lightAn Indian investment team is reviewing Venezuelan oil assets after receiving US government approval. This visit marks the first such trip i...
- India's soyoil imports hit record high in August and palm six-month peak, dealers sayIndian refiners sharply increased edible oil imports in August to build stocks ahead of the festive season. Palm oil imports rose 7% to 780...
- Economy Stable Despite Global Turbulence; El Nino Risks Loom: Finance Ministry reportIndia's economic activity and external position show relative stability amid global risks. Domestic demand continues to support economic ac...
- Food inflation composition shifts as protein-rich items, processed foods drive price pressures: Finance Ministry ReportIndia's food inflation is undergoing a shift in its composition, with protein-rich items, processed foods and edible oils emerging as major...
- Indian Oil ramps up LPG output 30% as Hormuz disruption tests India’s energy securityIndian Oil Corporation increased LPG production by nearly thirty percent. Refineries operated above full capacity to ensure energy supply c...
- Odisha colleges told to cut cooking oil use, skip puris, vadas and bondasOdisha colleges must reduce cooking oil consumption in their canteens. This directive follows global supply chain disruptions and geopoliti...
- CBIC hikes gold tariff value; check latest update on other key importsThe CBIC has kept tariff values unchanged for several imported goods. Crude palm oil and soybean oil values remain the same for importers. ...
- India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipmentsIndia's soyoil imports are expected to reach a record 620,000 metric tons in August, about 46% above the current marketing year's monthly a...
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