Vegetable Oil Imports Decline India’s vegetable oil imports totaled 1.073 MMT last month, a drop of 10.1 percent from 1.174 MMT in October and down 15.2 percent versus November 2017.
In June 2018, the government of India (GOI) raised the duty on vegetable oils. The rates on crude palm oil and refined palm oil had previously been increased to 44 percent and 54 percent, respectively, which must be reduced to 40 percent and 45 percent, respectively, by 31 December 2018 in accordance with the comprehensive Economic Cooperation Agreement (MICECA) signed with Malaysia on 27 October 2010. In anticipation of that likely decrease, there has been a dip in the two major palm oil categories against last month with imports of refined ble...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
