India giving up on palm oil in favor of soybean and sunflower oil
India suspended 39 import licenses for more than 452 KMT of refined palm oil due to growth in duty-free purchases from Nepal (+314% year-on-year) and Bangladesh (+500%) under the South Asian Free Trade Area (SAFTA).
The restriction will give support to domestic crushers and oilseed growers in India.
The impact on the world market: a shift in India’s demand towards soybean and sunflower oils, pressure on Malaysian palm oil futures.
More information is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants with historical and current market data, daily updates on grain, oilseed and pulses markets.
Subscribe to a 14-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access. http://agrisupp.com/en/register/1
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Write to us
Our manager will contact you soon