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...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Late Friday afternoon, Chairman John Boozman (R-Arkansas) released an updated draft of the Senate farm bill. The farm bill markup is scheduled for Thursday, 6 August at 9:30 a.m. Eastern time. Boozman has been negotiating with Ranking Minority Member Senator Amy Klobuchar (D-Minnesota) to craft...
