India witnessed a significant surge in March in sunflower oil imports, soaring by 51 per cent compared to the previous month, reaching the second-highest level on record. This increase was primarily attributed to lower prices, compelling refiners to boost their purchases of sunflower oil while decreasing their procurement of rival palm oil, according to the […]
India, the world’s largest vegetable oil importer, is expected to buy more soyoil in 2024, while palm oil sales will likely fall, news agency Reuters reported on Monday. According to Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and advisory business, India’s soyoil imports would increase to 4.3 million metric tonnes in the […]
In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024. This surge, propelled by Argentina’s crop recovery and Brazil’s higher biodiesel mandate, is poised to reshape global soybean dynamics, as per S&P Global. India, a major consumer of vegetable oils, is […]
Procter & Gamble on Tuesday revealed its plans to incur charges of up to USD 2.5 billion over two fiscal years, attributing them to the devaluation of its Gillette business and strategic restructuring in specific markets. In early trade, the company’s shares experienced an approximately 2 per cent decline. P&G detailed a non-cash impairment charge […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
