Latest news with #NationalMissiononEdibleOils-OilPalm
Time of India
18 hours ago
- Business
- Time of India
Indonesia expects palm oil exports to India to exceed 5 mn-tonnes mark in 2025: IPOC Chairman
Indonesia expects palm oil exports to India to exceed the 5 million-tonnes mark in 2025, up from 4.8 million tonnes in 2024, following India's decision to cut import tariffs, a senior industry official said. The world's top palm oil producer is also shipping 100,000 germinated palm seeds to India this year to support the South Asian nation's ambitious plan to expand palm cultivation to 1 million hectares by 2025-26, Indonesia Palm Oil Council (IPOC) chairman Eddy Martono told PTI in an interview. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Leadership MBA Product Management Finance Degree Others Artificial Intelligence Data Analytics Healthcare healthcare Management CXO others Project Management MCA Design Thinking Operations Management Data Science PGDM Public Policy Cybersecurity Digital Marketing Technology Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details "After the decrease in import tariffs, Indonesia palm oil imports will increase in 2025. I expect it to be more than 5 million tonnes," Martono said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now India lowered basic customs duty on crude palm oil to 10 per cent, from 20 per cent, as part of efforts to boost domestic edible oil availability and control prices. Indonesia's palm oil exports to India fell to 4.8 million tonnes in 2024 calendar year, from 6 million tonnes in 2023, partly due to higher palm oil prices compared to soybean and sunflower oils for most of 2024. Live Events However, palm oil prices have traded below soybean oil since April 2025, improving competitiveness. "I think there is no problem with the price this year. In 2025, I am sure we will increase exports to India," Martono said. India is ramping up palm seed imports as part of its National Mission on Edible Oils-Oil Palm (NMEO-OP), which aims to expand cultivation from the current 350,000 hectares to 1 million hectares by 2025-26. The country purchased about 500,000 seeds in 2023 and 2024 combined, with 100,000 more expected this year, Martono said. About 200 palm seeds are required for cultivation per hectare. Indonesia supports palm seed exports to India through business-to-business arrangements and can provide technical guidance given its experience in palm cultivation, he added. IPOC and the Indian Vegetable Oil Producers' Association (IVPA) recently signed a Memorandum of Understanding to enhance collaboration in the palm oil sector. "India is a very important market for Indonesia. Hope to see stable exports to India after the MoU," Martono said. The partnership also aims to address consumer concerns about palm oil's health impacts in India. "Consumers in India still have misconceptions about Indonesian palm oil. Palm oil is very healthy oil," Martono said, adding that IPOC is collaborating with IVPA to counter negative campaigns about Indonesian palm oil. India is the world's largest importer and consumer of edible oils.
The Star
a day ago
- Business
- The Star
MPOB expects palm oil exports to recover in second half of 2025
NEW DELHI: The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. 'The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association. In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4% to 11.39 million tonnes compared with the January-June period last year, according to MPOB. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7% over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January to June 2025 period surged 9.3% to RM53.43bil compared with the same period last year. The value of palm oil exports almost hit a total of RM34bil. Malaysian palm oil has gained in geographical reach in recent years. The country's full-year palm oil exports by volume this year are projected to be 5.3% lower than the 16.9 million tonnes recorded in 2024. On the Indian market, Ahmad Parveez said demand remained particularly strong in the food services, household, and food manufacturing sectors. However, there are certain challenges, and one of them is India's import tax. 'A key concern is India's import policy, particularly the frequent adjustments to import duties. 'The recent hike in effective duties on crude palm oil to 27.5% and on refined palmolein to 35.75%, has significantly narrowed palm oil's natural price advantage compared to soft oils such as soybean and sunflower,' Ahmad Parveez pointed out. 'While we acknowledge India's policy objective to strengthen domestic oilseed production under the National Mission on Edible Oils-Oil Palm, such measures have made palm oil imports increasingly cost-sensitive and less predictable,' he added. The price premium of palm oil, along with ample global soybean oil supplies, has led to a drop in palm oil's share in India's vegetable oil imports to 46% this year from 59% in 2023, MPOC chief executive officer Belvinder Sron said at the same New Delhi industry conference. However, Malaysia's share in Indian palm oil imports reached 35% in the first half of this year compared with 30% in 2023, Sron said in her presentation. —Bernama
The Star
2 days ago
- Business
- The Star
MPOB expects palm oil exports to recover in second half of 2025
NEW DELHI: The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. "The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association (IVPA). In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4 per cent to 11.39 million tonnes compared with the January-June period last year, according to MPOB figures. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7 per cent over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said that although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January-June 2025 period surged 9.3 per cent to RM53.43 billion compared with the same period last year. The value of palm oil exports was almost RM34 billion. Malaysian palm oil has gained in geographical reach in recent years. Malaysia's full-year palm oil exports by volume this year are projected to be 5.3 per cent lower than the 16.9 million tonnes recorded in 2024. On the Indian market, Ahmad Parveez said demand remains particularly strong in the food services, household, and food manufacturing sectors. However, there are certain challenges, and one of them is India's import tax. "A key concern is India's import policy, particularly the frequent adjustments to import duties. The recent hike in effective duties on crude palm oil to 27.5 per cent, and on refined palmolein to 35.75 per cent, has significantly narrowed palm oil's natural price advantage compared to soft oils such as soybean and sunflower," Ahmad Parveez said. "While we acknowledge India's policy objective to strengthen domestic oilseed production under the National Mission on Edible Oils-Oil Palm, such measures have made palm oil imports increasingly cost-sensitive and less predictable," he said. The price premium of palm oil, along with ample global soybean oil supplies, has led to a drop in palm oil's share in India's vegetable oil imports to 46 per cent this year from 59 per cent in 2023, Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Sron said at the same New Delhi industry conference. However, Malaysia's share in Indian palm oil imports reached 35 per cent in the first half of this year compared with 30 per cent in 2023, Sron said in her presentation. - Bernama
NDTV
21-07-2025
- 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
21-07-2025
- 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.
