Latest news with #NationalMissiononEdibleOils-OilPalm
NDTV
a day ago
- Business
- NDTV
India Become Top Buyer Of Malaysia's Oil Palm Seed
Kuala Lumpur: India has emerged as Malaysia's largest importer of germinated oil palm seeds, with demand surging as the country accelerates efforts to boost domestic palm oil production and reduce import dependency. India imported 3.03 million tonnes of palm oil from Malaysia in 2024, representing 17.9 per cent of Malaysia's total palm oil exports and making it the top destination for Malaysian palm oil. "There has been a noticeable increase in demand for Malaysian oil palm seeds, particularly from India," Malaysian Palm Oil Board Director General Ahmad Parveez Ghulam Kadir told PTI, citing India's push to expand domestic production. India aims to rapidly expand palm oil cultivation to 1 million hectares by 2025-26 and achieve nearly 2.8 million tonnes of crude palm oil production by 2029-30 under its National Mission on Edible Oils-Oil Palm scheme. The country currently has about 370,000 hectares under palm oil cultivation as of mid-2025, focusing particularly on northeastern states and island regions. The seed trade, however, remains largely informal, with supplies conducted on an ad hoc basis through one-off consignments without formal contracts or long-term agreements, Kadir noted. Most transactions happen through business-to-business arrangements where Malaysian exporters provide quality planting materials and technical expertise. "Malaysia welcomes this development as it reflects confidence in the quality of our seeds and our longstanding partnership with India," he said. The development comes even as Malaysia's palm oil exports to India have moderated following New Delhi's recent reduction in tariffs on crude palm oil. Kadir said India's tariff adjustments are part of broader policy measures to manage domestic supply and keep cooking oil prices affordable for consumers. "While Malaysia has seen some moderation in export volumes to India, we remain a key and reliable supplier, and the Indian market continues to be a priority," he said. Malaysia is engaging stakeholders to strengthen its position in food manufacturing and hospitality segments where demand remains strong, while promoting sustainable palm oil certified under the Malaysian Sustainable Palm Oil standard. The Malaysian Palm Oil Board has developed new high-yield varieties through breeding programs that can potentially produce over 30 tonnes of fresh fruit bunches per hectare annually, nearly double Malaysia's national average of 15.47-16.73 tonnes recorded between 2020-2023. The improved varieties also have slower height growth, extending economic lifespan from 25 years to over 30 years while facilitating harvesting operations. Current Malaysian commercial seeds are suitable for cultivation in India with proper farming practices and adequate irrigation, Kadir said, noting the materials have performed well under tropical conditions similar to many Indian regions with sufficient rainfall. Research efforts are underway to develop climate-resilient varieties with improved drought tolerance, though none have been commercially released yet, he added.
The Hindu
a day ago
- Business
- The Hindu
With surging demand, India emerges as Malaysia's largest importer of germinating oil palm seeds
India has emerged as Malaysia's largest importer of germinated oil palm seeds, with demand surging as the country accelerates efforts to boost domestic palm oil production and reduce import dependency. India imported 3.03 million tonnes of palm oil from Malaysia in 2024, representing 17.9% of Malaysia's total palm oil exports and making it the top destination for Malaysian palm oil. If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister "There has been a noticeable increase in demand for Malaysian oil palm seeds, particularly from India," Malaysian Palm Oil Board Director General Ahmad Parveez Ghulam Kadir told PTI, citing India's push to expand domestic production. India aims to rapidly expand palm oil cultivation to one million hectares by 2025-26 and achieve nearly 2.8 million tonnes of crude palm oil production by 2029-30 under its National Mission on Edible Oils-Oil Palm scheme. The country currently has about 3,70,000 hectares under palm oil cultivation as of mid-2025, focussing particularly on northeastern States and island regions. Malaysia looks for new markets for palm oil as EU threatens with stricter ecological regulations 'The seed trade, however, remains largely informal, with supplies conducted on an ad hoc basis through one-off consignments without formal contracts or long-term agreements,' Mr. Kadir noted. Most transactions happen through business-to-business arrangements where Malaysian exporters provide quality planting materials and technical expertise. "Malaysia welcomes this development as it reflects confidence in the quality of our seeds and our longstanding partnership with India," he said. The development comes even as Malaysia's palm oil exports to India have moderated following New Delhi's recent reduction in tariffs on crude palm oil. Mr. Kadir said India's tariff adjustments are part of broader policy measures to manage domestic supply and keep cooking oil prices affordable for consumers. "While Malaysia has seen some moderation in export volumes to India, we remain a key and reliable supplier, and the Indian market continues to be a priority," he said. Malaysia is engaging stakeholders to strengthen its position in food manufacturing and hospitality segments where demand remains strong, while promoting sustainable palm oil certified under the Malaysian Sustainable Palm Oil standard. The Malaysian Palm Oil Board has developed new high-yield varieties through breeding programmes that can potentially produce more than 30 tonnes of fresh fruit bunches per hectare annually, nearly double Malaysia's national average of 15.47-16.73 tonnes recorded between 2020-2023. Palm oil imports in May jump 87% to six-month high in India, dealers say The improved varieties also have slower height growth, extending economic lifespan from 25 years to more than 30 years while facilitating harvesting operations. 'Current Malaysian commercial seeds are suitable for cultivation in India with proper farming practices and adequate irrigation,' Mr. Kadir said, noting the materials have performed well under tropical conditions similar to many Indian regions with sufficient rainfall. 'Research efforts are under way to develop climate-resilient varieties with improved drought tolerance, though none have been commercially released yet,' he added.
Time of India
a day ago
- Business
- Time of India
India becomes Malaysia's top oil palm seed buyer as domestic palm oil production expands
Kuala Lumpur, India has emerged as Malaysia 's largest importer of germinated oil palm seeds , with demand surging as the country accelerates efforts to boost domestic palm oil production and reduce import dependency. India imported 3.03 million tonnes of palm oil from Malaysia in 2024, representing 17.9 per cent of Malaysia's total palm oil exports and making it the top destination for Malaysian palm oil. Explore courses from Top Institutes in Select a Course Category Project Management MCA Healthcare CXO Technology Public Policy Artificial Intelligence Data Analytics Digital Marketing Leadership Product Management Management Degree others Data Science Data Science MBA Cybersecurity Others Design Thinking Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details "There has been a noticeable increase in demand for Malaysian oil palm seeds, particularly from India," Malaysian Palm Oil Board Director General Ahmad Parveez Ghulam Kadir told PTI, citing India's push to expand domestic production. India aims to rapidly expand palm oil cultivation to 1 million hectares by 2025-26 and achieve nearly 2.8 million tonnes of crude palm oil production by 2029-30 under its National Mission on Edible Oils-Oil Palm scheme. The country currently has about 370,000 hectares under palm oil cultivation as of mid-2025, focusing particularly on northeastern states and island regions. Live Events The seed trade, however, remains largely informal, with supplies conducted on an ad hoc basis through one-off consignments without formal contracts or long-term agreements, Kadir noted. Most transactions happen through business-to-business arrangements where Malaysian exporters provide quality planting materials and technical expertise. "Malaysia welcomes this development as it reflects confidence in the quality of our seeds and our longstanding partnership with India," he said. The development comes even as Malaysia's palm oil exports to India have moderated following New Delhi's recent reduction in tariffs on crude palm oil. Kadir said India's tariff adjustments are part of broader policy measures to manage domestic supply and keep cooking oil prices affordable for consumers. "While Malaysia has seen some moderation in export volumes to India, we remain a key and reliable supplier, and the Indian market continues to be a priority," he said. Malaysia is engaging stakeholders to strengthen its position in food manufacturing and hospitality segments where demand remains strong, while promoting sustainable palm oil certified under the Malaysian Sustainable Palm Oil standard. The Malaysian Palm Oil Board has developed new high-yield varieties through breeding programs that can potentially produce over 30 tonnes of fresh fruit bunches per hectare annually, nearly double Malaysia's national average of 15.47-16.73 tonnes recorded between 2020-2023. The improved varieties also have slower height growth, extending economic lifespan from 25 years to over 30 years while facilitating harvesting operations. Current Malaysian commercial seeds are suitable for cultivation in India with proper farming practices and adequate irrigation, Kadir said, noting the materials have performed well under tropical conditions similar to many Indian regions with sufficient rainfall. Research efforts are underway to develop climate-resilient varieties with improved drought tolerance, though none have been commercially released yet, he added.
News18
a day ago
- Business
- News18
India becomes Malaysias top oil palm seed buyer as domestic cultivation expands
Last Updated: Kuala Lumpur, Jul 21 (PTI) India has emerged as Malaysia's largest importer of germinated oil palm seeds, with demand surging as the country accelerates efforts to boost domestic palm oil production and reduce import dependency. India imported 3.03 million tonnes of palm oil from Malaysia in 2024, representing 17.9 per cent of Malaysia's total palm oil exports and making it the top destination for Malaysian palm oil. 'There has been a noticeable increase in demand for Malaysian oil palm seeds, particularly from India," Malaysian Palm Oil Board Director General Ahmad Parveez Ghulam Kadir told PTI, citing India's push to expand domestic production. India aims to rapidly expand palm oil cultivation to 1 million hectares by 2025-26 and achieve nearly 2.8 million tonnes of crude palm oil production by 2029-30 under its National Mission on Edible Oils-Oil Palm scheme. The country currently has about 370,000 hectares under palm oil cultivation as of mid-2025, focusing particularly on northeastern states and island regions. The seed trade, however, remains largely informal, with supplies conducted on an ad hoc basis through one-off consignments without formal contracts or long-term agreements, Kadir noted. The development comes even as Malaysia's palm oil exports to India have moderated following New Delhi's recent reduction in tariffs on crude palm oil. Kadir said India's tariff adjustments are part of broader policy measures to manage domestic supply and keep cooking oil prices affordable for consumers. 'While Malaysia has seen some moderation in export volumes to India, we remain a key and reliable supplier, and the Indian market continues to be a priority," he said. Malaysia is engaging stakeholders to strengthen its position in food manufacturing and hospitality segments where demand remains strong, while promoting sustainable palm oil certified under the Malaysian Sustainable Palm Oil standard. The Malaysian Palm Oil Board has developed new high-yield varieties through breeding programs that can potentially produce over 30 tonnes of fresh fruit bunches per hectare annually, nearly double Malaysia's national average of 15.47-16.73 tonnes recorded between 2020-2023. The improved varieties also have slower height growth, extending economic lifespan from 25 years to over 30 years while facilitating harvesting operations. Current Malaysian commercial seeds are suitable for cultivation in India with proper farming practices and adequate irrigation, Kadir said, noting the materials have performed well under tropical conditions similar to many Indian regions with sufficient rainfall. Research efforts are underway to develop climate-resilient varieties with improved drought tolerance, though none have been commercially released yet, he added. PTI LUX DR DR view comments First Published: July 21, 2025, 13:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
New Indian Express
18-06-2025
- Business
- New Indian Express
Reconsider decision on import duty cut on crude palm oil: TDP to Centre
VIJAYAWADA: Chief Minister N Chandrababu Naidu has urged Union Home Minister Amit Shah to reconsider reduction of crude palm oil import duty. A TDP delegation, led by MP Lavu Sri Krishna Devarayalu, along with Union Civil Aviation Minister K Ram Mohan Naidu, met the Union Home Minister on Tuesday. The delegation submitted a formal letter from CM Naidu, urging reconsideration to rollback the Centre's recent decision to reduce import duty on Crude Palm Oil (CPO) by 10%, as per gazette notification released on May 30. In his letter, Naidu highlighted that the timing of the duty reduction - announced during the peak plantation season - could seriously disrupt the success of the National Mission on Edible Oils - Oil Palm (NMEO-OP) and hurt farmer income. 'This decision, while perhaps intended to address short-term concerns, stands to seriously undermine the long-term vision and efforts being made by both the Government of India and the States, including Andhra Pradesh, to promote oil palm cultivation under the NMEO-OP, Naidu explained. AP accounts for over 50% of the total oil palm cultivation area in India, with 1.74 lakh farmers cultivating across 2.49 lakh hectares. The State has already achieved 67,727 hectares of oil palm coverage, and targets an additional 50,000 hectares this year, he stated.
