Adani Wilmar, Emami Shift Palm Oil Purchases as India Cooks Up Further Intervention — Panjiva
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Adani Wilmar, Emami Shift Palm Oil Purchases as India Cooks Up Further Intervention

Ags - Grains/Beans 193 Consumer Staples 476 India 343 Indonesia 56 Malaysia 79 Tariffs 1426

The Indian government is planning to develop domestic edible oil production in order to reduce its reliance on foreign sources. Imports in the 12 months to Jul. 31 were dominated by palm oil, which rose by 28.9% year over year to reach $9.21 billion. Imports of soybean oil fell 13.0% to $3.47 billion while other seed oils dropped by 14.1% to $2.96 billion over the same period. A 5.6% year over year drop in palm oil prices in the three months to Sept. 30 followed by a further 0.4% in October shows the degree of oversupply. Major importers have been restructuring their imports of palm oil....

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