Boat Enters Malaysia, Accelerates Southeast Asia Expansion
As part of this expansion, Boat has partnered with Opptra, a new venture by Binny Bansal
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Trade
India Swaps Palm Oil For Sunflower Oil As Prices Rise
- by BW Retail World Bureau
- April 3, 2024
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 […]
National
News
India’s Vegetable Oil Imports Plunge 13% In February, Sparking Price Rise Concerns
- by BW Retail World Bureau
- March 14, 2024
India’s vegetable oil imports witnessed a 13 per cent year-on-year (YoY) decline in February 2024, reaching nearly 9.75 lakh tonne, according to data released by the solvent extractors’ association of India (SEA). This decrease follows a similar trend observed in January 2024. The SEA reported that total vegetable oil imports, which encompass both edible and […]
National
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Trade
India To Shift Towards Soyoil, Reduce Palm Oil Imports In 2024
- by BW Retail World Bureau
- March 5, 2024
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 […]
Food & Beverage.
International
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McDonald’s Malaysia Sues Israel Boycott Movement, Seeks $1.3 Mn
- by BW Retail World Bureau
- January 1, 2024
McDonald’s Malaysia has taken legal action against a movement advocating the boycott of Israel, asserting that the group’s “false and defamatory statements” have adversely impacted its business. The lawsuit, filed by Gerbang Alaf Restaurants Sdn Bhd (GAR), the licensee of McDonald’s in Malaysia, seeks damages totaling 6 million ringgit (USD 1.31 million). Malaysia, being a […]
National
News
GTRI Recommends Joint Review Of India’s FTAs With Singapore, Thailand and ASEAN
- by BW Retail World Bureau
- November 27, 2023
The Global Trade Research Initiative (GTRI) on Sunday recommended that the Indian government examine the bilateral free trade agreement with Singapore and assess it in conjunction with the ASEAN bloc. The GTRI also suggested a similar evaluation with Thailand, another ASEAN member. This comes as India and ASEAN are set to review their trade pact […]
Food
News
India Allows Export of Non-Basmati White Rice To Seven Countries
- by BW Retail World Bureau
- October 19, 2023
India has allowed the export of non-basmati white rice in varying quantities to Nepal, Cameroon, Cote d’Ivoire, Republic of Guinea, Malaysia, Philippines, and Seychelles. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to these countries are permitted through National […]
Economy
Food & Beverage.
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Retail
India Records 33% Increase In Vegetable Oil Imports: SEA
- by BW Retail World Bureau
- September 18, 2023
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 […]