Will a hike in oil import duties affect India’s oil imports?
Commenting on the increase in the import duties on key edible oils, rating agency India Ratings and Research (Ind-Ra) felt that the hike is unlikely to have a material impact on the country¡¯s oil imports, owing to the country¡¯s high import dependency (57 per cent-60 per cent) to meet its domestic demand.
Where to buy palm oil in South Africa?
South Africa is one of the world¡¯s leading palm oil producers and consumers. There are many places to buy palm oil in South Africa, but some of the best options include local food stores, supermarkets, and online retailers. Some of the most popular brands of palm oil products in South Africa include Guardian, RSPO, Musina, and Green Choice.
What is happening to oil palms?
The recent increase in duties on the import of crude and refined edible oils has resulted in an increase of about ?2,500 on every tonne of an FFB (Fresh Fruit Bunch) of oil palm, bringing cheers to thousands of farmers in the country.
Are we concerned about the sustainability of the oil palm industry?
Though we are happy at the moment, we are concerned about the sustainability,¡± Pullaiah, an oil palm farmer from Badradri Kothagudem district, told businessline.