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: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
