India’s palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.
Where does palm oil come from in India?
India palm oil imports, consumption, area and production Purchase Licensing Rights Apart from Andhra Pradesh, these areas include the mountainous northeast and the remote islands of Andaman and Nicobar, where a price premium of 2% is on offer to farmers so as to match rates for produce in less isolated areas.
Can India move towards sustainable palm oil production?
India¡¯s advancement towards sustainable palm oil production nevertheless faces a number of challenges, including a lack of awareness regarding sustainable palm oil among various supply chain actors and the need for increased capacity building and training, in order to move towards sustainable palm oil production.
How many hectares are suitable for palm cultivation in India?
Ravi Mathur, who heads the Indian Institute of Oil Palm Research, the government-backed body driving the campaign, said it had identified 2.8 million hectares (7 million acres) suitable for palm cultivation. India palm oil imports, consumption, area and production Purchase Licensing Rights