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palm oil

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'At some point, we must stop': Indonesia plans to end all crude palm oil exports

The world’s biggest producer of crude palm oil, Indonesia has announced plans to comletely stop exporting the raw commodity of palm oil to the world.
India imported palm oils—both crude and refined—worth $5.8 billion in FY21, mostly from Indonesia and Malaysia.(Reuters)
India imported palm oils—both crude and refined—worth $5.8 billion in FY21, mostly from Indonesia and Malaysia.(Reuters)
Published on Oct 13, 2021 03:16 PM IST
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Bloomberg | , New Delhi

News updates from HT: Chinese city bars unvaccinated people from public areas

Here are today’s top news, analysis, and opinion at 9pm. Know all about the latest news and other news updates from Hindustan Times.
Passengers use their smartphones while riding a subway train in Shanghai, China. (Bloomberg/Used only for representative purpose)
Passengers use their smartphones while riding a subway train in Shanghai, China. (Bloomberg/Used only for representative purpose)
Published on Aug 22, 2021 08:57 PM IST
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Byhindustantimes.com, New Delhi, Hindustan Times

Palm-oil mission could stoke disaster without sustainability checks

Palm oil is the cheapest edible oil, used in most foods items, from bread to pizzas. In recent months, global prices have surged to multi-year peaks, forcing the government to cut import duties to make the fats affordable
Representational Image. (HT archive)
Representational Image. (HT archive)
Updated on Aug 20, 2021 01:06 AM IST
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ByZia Haq, Hindustan Times, New Delhi

Cabinet okays plan to boost palm oil sector

  • The 11,040-crore project also aims to cut the country’s heavy dependence on edible oil imports
India imported palm oils—both crude and refined—worth $5.8 billion in FY21, mostly from Indonesia and Malaysia.(Reuters)
India imported palm oils—both crude and refined—worth $5.8 billion in FY21, mostly from Indonesia and Malaysia.(Reuters)
Updated on Aug 19, 2021 12:09 AM IST
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ByAsit Ranjan Mishra, Livemint, New Delhi

China's pigs become unexpected threat to palm oil's rally

The world’s biggest pork producer and consumer is scooping up unprecedented quantities of soybeans and corn on world markets to feed domestic hog herds.
A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)
A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)
Published on Jan 25, 2021 02:16 PM IST
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Bloomberg |

Palm Oil producers say anti-palm oil campaigns hinder sustainability shift

Indonesia and Malaysia, which together account for 85% of global output, in particular have come under fire for clearing biodiversity-rich rainforests and allegations of forced labour.
More than 43 million hectares -- an area bigger than Germany -- of forest have been lost in a little over a decade in just a handful of deforestation hotspots, conservation organisation WWF said on January 13, 2021. Swathes of forest continue to be flattened each year -- mainly due to industrial-scale agriculture -- as biodiversity-rich areas are cleared to create space for livestock and crops. (AFP)(AFP)
More than 43 million hectares -- an area bigger than Germany -- of forest have been lost in a little over a decade in just a handful of deforestation hotspots, conservation organisation WWF said on January 13, 2021. Swathes of forest continue to be flattened each year -- mainly due to industrial-scale agriculture -- as biodiversity-rich areas are cleared to create space for livestock and crops. (AFP)(AFP)
Published on Jan 14, 2021 10:35 PM IST
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Reuters | , Kuala Lumpur

Malaysian palm oil stocks forecast lower, keeping prices high in 2021

“The market outlook for Malaysian palm oil in 2021 looks bright despite the pandemic,” Kalyana Sundram, MPOC chief executive told a virtual conference.
Global palm oil supply is expected to be tight this year because of heavy rains caused by the La Nina weather pattern.(Reuters file photo)
Global palm oil supply is expected to be tight this year because of heavy rains caused by the La Nina weather pattern.(Reuters file photo)
Published on Jan 05, 2021 05:36 PM IST
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Kuala Lumpur | ByReuters| Posted by: Harshit Sabarwal

Sustainability: Coconut and palm oil industries at loggerheads over environmental impact

The palm oil industry has received international negative attention, including consumer boycotts, in recent years for clearing biodiversity-rich tropical rainforests in Southeast Asia in its production process.
A study published in respected scientific journal ‘Current Biology’ in July highlighted the impact on native animal species because of coconut oil production deforestation.(Unsplash)
A study published in respected scientific journal ‘Current Biology’ in July highlighted the impact on native animal species because of coconut oil production deforestation.(Unsplash)
Updated on Aug 29, 2020 08:46 AM IST
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Kuala Lumpur/Jakarta | ByReuters | Posted by Saumya Sharma

Coronavirus forces Malaysian palm industry to rethink reliance on foreign labour

A worker collects harvested palm oil fruit bunches using a bullock cart at the IOI Corp. Gomali palm oil estate in Gemas, Johor, Malaysia.(Bloomberg)
A worker collects harvested palm oil fruit bunches using a bullock cart at the IOI Corp. Gomali palm oil estate in Gemas, Johor, Malaysia.(Bloomberg)
Updated on Aug 18, 2020 09:48 AM IST
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Kuala Lumpur | ByReuters | Posted by: Shankhyaneel Sarkar

Curb on edible oil imports leads to domestic inflation

Palm oil and its variants have a share of more than 50% in India’s total edible oil, fat and waxes (edible oil) imports. In 2018-19 India’s oil and fat imports were worth almost $10 billion.
India’s policy makers seem to have slipped on oil while trying to balance foreign and domestic policy goals.(AFP)
India’s policy makers seem to have slipped on oil while trying to balance foreign and domestic policy goals.(AFP)
Updated on Feb 23, 2020 12:34 AM IST
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Hindustan Times, New Delhi | ByAbhishek Jha and Roshan Kishore

Malaysia PM-elect Mahathir Mohamad softens India stance after boycott of palm oil

India, the world’s biggest buyer of edible oils, last month imposed curbs on refined palm oil imports and informally asked traders to stop buying from Malaysia, the world’s biggest producer and exporter of the commodity after Indonesia.
India, the world’s biggest buyer of edible oils, last month imposed curbs on refined palm oil imports and informally asked traders to stop buying from Malaysia, the world’s biggest producer and exporter of the commodity after Indonesia.(REUTERS FILE)
India, the world’s biggest buyer of edible oils, last month imposed curbs on refined palm oil imports and informally asked traders to stop buying from Malaysia, the world’s biggest producer and exporter of the commodity after Indonesia.(REUTERS FILE)
Updated on Feb 07, 2020 11:38 AM IST
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Hindustan Times, Kuala Lumpur | ByAgencies

Pak steps in to ‘compensate’ Malaysia after India restricts palm oil import

Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year, while India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council.
This handout photo taken and released by Malaysia's Ministry of Information shows Pakistan's Prime Minister Imran Khan shakes hands with Malaysia's Prime Minister Mahathir Mohamad after a joint news conference, Tuesday, Feb. 4, 2020, in Putrajaya, Malaysia. (Malaysia's Ministry of Information via AP)(AP)
This handout photo taken and released by Malaysia's Ministry of Information shows Pakistan's Prime Minister Imran Khan shakes hands with Malaysia's Prime Minister Mahathir Mohamad after a joint news conference, Tuesday, Feb. 4, 2020, in Putrajaya, Malaysia. (Malaysia's Ministry of Information via AP)(AP)
Updated on Feb 04, 2020 01:06 PM IST
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Kuala Lumpur | ByReuters

‘India’s cut on palm oil purchases temporary’: Malaysia amid CAA remark row

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India’s actions in Kashmir and a new citizenship law.
An oil palm plantation in Johor, Malaysia. (Reuters)
An oil palm plantation in Johor, Malaysia. (Reuters)
Updated on Feb 04, 2020 10:05 AM IST
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Kuala Lumpur | ByReuters

China commodities nosedive as coronavirus raise consumption fears

The most-active copper contract on the Shanghai Futures Exchange, iron ore on the Dalian Commodity Exchange and crude oil on the International Energy Exchange all fell by the maximum daily limit at the open, with copper down 7% and crude oil and iron ore down 8%.
Chinese commodities markets slumped on the first trading day after an extended Lunar New Year break(REUTERS)
Chinese commodities markets slumped on the first trading day after an extended Lunar New Year break(REUTERS)
Updated on Feb 03, 2020 01:01 PM IST
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Shanghai | ByReuters

‘We’re too small to take action’: Malaysian PM Mahathir after India’s palm oil boycott

India halted Malaysian palm oil imports earlier this month after Mahathir Mohamad’s comments on Kashmir.
Malaysia's Prime Minister Mahathir Mohamad(Reuters)
Malaysia's Prime Minister Mahathir Mohamad(Reuters)
Updated on Jan 20, 2020 10:39 AM IST
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Lagkawi, Malaysia | ByReuters

Malaysia PM defends criticism of India despite palm oil backlash

India last week changed rules that traders say effectively ban imports of refined palm oil from Malaysia. The move came after New Delhi objected to Mahathir’s criticism of India’s new religion-based citizenship law.
Malaysia's Prime Minister Mahathir Mohamad(Reuters/File Photo)
Malaysia's Prime Minister Mahathir Mohamad(Reuters/File Photo)
Published on Jan 14, 2020 01:49 PM IST
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Kuala Lumpur | ByReuters

India’s curb on import may raise palm oil prices, hit trade

Indian importers will now naturally look at substitute markets, such as Indonesia, Nepal, Ukraine and Argentina, an official said.
India imports more than nine million tonnes of palm oil every year, mainly from Indonesia and Malaysia, the two biggest exporters.(Reuters File Photo)
India imports more than nine million tonnes of palm oil every year, mainly from Indonesia and Malaysia, the two biggest exporters.(Reuters File Photo)
Updated on Jan 11, 2020 05:30 AM IST
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Hindustan Times, New Delhi | ByZia Haq and Rezaul H Laskar, New Delhi

Curbs on Palm oil from Malaysia may impact India’s food inflation

This is a classic case of a non-tariff barrier to free trade, which follows India’s deep resentment of what it sees as “undue interference” by a foreign country in its internal political matters.
Indian importers will now naturally look at substitute markets, such as Indonesia, Nepal, Ukraine and Argentina, an official said.(REUTERS File Photo)
Indian importers will now naturally look at substitute markets, such as Indonesia, Nepal, Ukraine and Argentina, an official said.(REUTERS File Photo)
Updated on Jan 10, 2020 12:05 PM IST
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Hindustan Times, New Delhi | ByZia Haq

‘As mark of solidarity’: Indian group asks members to avoid buying Malaysian palm oil

Ever since Malaysian prime minister Mahatir Mohamad’s statement in the UN over Kashmir , Indian buyers of palm oil have been turning to Indonesia for supplies because of concerns that Prime Minister Narendra Modi will curb purchases of the vegetable oil from Malaysia.
A worker unloads palm oil fruit bunches from a lorry inside a palm oil mill in Bahau, Negeri Sembilan, Malaysia January 30, 2019.(REUTERS File)
A worker unloads palm oil fruit bunches from a lorry inside a palm oil mill in Bahau, Negeri Sembilan, Malaysia January 30, 2019.(REUTERS File)
Updated on Oct 22, 2019 11:51 AM IST
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ByBloomberg

Scream for fresh cream

As the city now brims with places that claim to serve authentic ice creams using fresh ingredients, make sure you get your money’s worth
Trio of Sicilian ice cream
Trio of Sicilian ice cream
Updated on Aug 30, 2018 05:07 PM IST
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Mumbai | ByRuella Philips
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