The increase in the agriculture credit with a target of Rs 16.5 lakh crore and the allocation of infrastructure fund for the development of APMCs reiterates the government's commitment to the welfare of farmers, and is a great move

Finance Minister Nirmala Sitharaman in her budget for fiscal year announced plan to monetise oil and gas pipeline assets of IOC, GAIL and Hindustan Petroleum Corporation

At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note

India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% \"cess\" - a separate tax - on the imports, Sitharaman said in her federal budget speech

Higher oilseed production in India, the world's biggest buyer of cooking oils, will cut palm oil imports from Malaysia and Indonesia and trim soyoil and sunflower oil purchases from Brazil, Argentina, Russia and Ukraine

India imported 618,468 tonnes of palm oil in November, down from 672,363 in the same month last year, the Solvent Extractors' Association of India said in a statement

The bank, however, said it expects the winter wave to hit global oil demand by at least 3 million barrels per day, partially offset by heating, restocking and demand in emerging markets

Higher imports by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil prices that hit their highest level in eight years this month, but could weigh on U.S. soyoil futures

India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia

India's monthly palm oil imports could dip to 600,000 tonnes in January from around 750,000 tonnes in October if the current narrow price gap remains, said a Mumbai-based dealer with a global trading firm

The record imports follow a price war between Saudi Arabia and Russia, the world's top oil exporters, during March and April when the coronavirus pandemic dampened demand and caused a global fuel glut

Nepal's crude palm imports had plunged to less than 7,000 tonnes per month by mid June from around 21,000 tonnes earlier in 2020, according to government data

India spends around $10 billion every year on edible oil imports as the country's reliance on overseas purchases have jumped to 70% from 44% in 2001/02

India early this year restricted imports of Malaysian palm oil after then Prime Minister Mahathir Mohamad criticised policies by New Delhi affecting the country's Muslim minority

Palm oil accounts for nearly two-thirds of India's total imports of edible oil, mainly sourced from Indonesia and Malaysia

India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually. Of this, palm oil comprises 9 million tonne and the rest 6 million tonne is soybean and sunflower oil. Indonesia and Malaysia are the two countries which supply palm oil

Indians, known for their penchant for calorie-laden curry and deep-fried food, consume about 1.9 million tonnes of edible oil a month, with restaurants mainly using palm oil

Malaysia, the second biggest producer of crude palm oil after Indonesia, will look to expand its exports to new markets, such as Russia and the Middle East

Edible oil demand: The consumer will pay 10% less i.e. Rs 8 a litre for palm oil and soyabean oil and 7% less at Rs 5 a litre for sunflower oil owing to fall in global prices due to coronavirus outbreak

Malaysia Palm Oil Row: After India imposed curbs on refined palm oil imports from Malaysia, Pakistan decided to buy more palm oil from Malaysia. This has led the Malaysian PM Mahathir Mohamad to take back his criticism of India. Here's for more