Edible Oils Markets

Rapeseed crop in 2009 to jump on prices, say traders

New Delhi: India’s rapeseed crop for 2009 may surge by two-thirds to a record as farmers plant more to cash in on higher prices, a trade official said on Thursday. “Rapeseed output was expected to jump to 7.0 million tonne in...

Edible oils fall on weak global cues, higher stocks

New Delhi (PTI): Select edible oils palmolein, crude and soyabean on Thursday fell up to Rs 150 per quintal in the national capital largley on higher stocks amid weak global trends. However, groundnut and sesame oils rose on...

\'Crude to average at $6065/bbl for JanMarch \'09\'

G Chandrashekhar, Editor Commodity, Hindu Business Line, feels Nymex crude for JanuaryMarch, 2009 may average at USD 6065 per barrel. According to him, falling interest rates and improved liquidity are sure to affect inflation.

Crude shock: Viability of biodiesel units may come under scrutiny

In the past few years, palm oil has proved to be a growing source of biodiesel, thanks to some pioneering efforts by Malaysian and Indonesian entrepreneurs who had the backing of their governments. The two main provocations for...

Biodiesel makers get subsidy as they sell fuel abroad

Federal breaks to U.S. biodiesel industry were supposed to help wean the nation from foreign oil, and a new law in 2009 will bolster the effort, but the money has fueled a controversial side business.

3. Price discount boost for CPO

The current large discount in the crude palm oil (CPO) price of US$300 to US$330 per tonne against soybean oil will further boost local palm oil exports in the next six months, but CPO price will remain depressed due to high...

Import duty fails to prop up steel, edible oil co stocks

Mumbai, Nov. 19 The Government measures to protect the steel and edible oil companies from cheap imports seem inadequate, particularly when the commodity prices are testing new lows in the international markets. Stocks of both...

Blessing in disguise for edible oil refiners

Margins improve as import defaulters exit. The edible oil industry has seen a growing number of import defaulters, but domestic refiners are not worried. Processing margins have in fact doubled to 4 per cent in the past one...

India may import more palm oil as soya bean buy becomes costly

Mumbai: India, the world’s biggest buyer of vegetable oil after China, may increase palm oil imports after the government imposed a tax on purchases of crude soya bean oil, the main substitute product, a trade body said.The...

Cooking oil may turn costlier if customs duty is hiked

Mumbai, Nov. 17 Despite the Government’s recent rejection of the vegetable oil industry’s demand for re-imposition of customs duty on imported oils, efforts have once again begun to lobby for the same cause. At the all-India...

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