Adani, Wilmar May Lose Out as India Tries to Wave Off Palm Oil Import Surge — Panjiva
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Adani, Wilmar May Lose Out as India Tries to Wave Off Palm Oil Import Surge

Ags - Softs 137 Consumer Staples 774 India 529 Indonesia 106 Malaysia 150 Tariffs 1818

The Indian government will apply increased duties to Malaysian palm oil imports to protect the domestic refining industry. Indian imports of palm oil had dropped by 11.3% year over year in 1Q, but surged in April and May as a result of increased Malaysian supplies. The imports from Malaysia climbed by 41.0% year over year in April and by 109% in May, partly at the expense of shipments from Indonesia. Panjiva’s shipping data shows the largest importer of palm oil to India from Malaysia in the 12 months to May 31 was the local joint venture of Adani and Wilmar, followed by the local subsid...

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