India S January Palm Oil Imports From Malaysia Could Hit 9 Year Low Says Report



(FMT) – India’s monthly palm oil imports from Malaysia are expected to fall to their lowest level in nearly nine years in January, amid reports that there are few takers for crude palm oil (CPO) or palmolein for February shipments.
Reuters quoted traders and refiners in Mumbai as saying they stopped buying palm oil from Malaysia following “informal” instructions from New Delhi.
It said that lower imports by India, the world’s biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak in early January.
The report said New Delhi privately urged palm oil importers during the second week of January to boycott Malaysian products after the country’s prime minister criticised India’s actions in Kashmir and its new citizenship law.
Some traders had been hoping state-run trading firms could buy refined palm oil for the public distribution system by floating tenders, but this does not seem to have materialised, it said.
“No one is buying Malaysia’s crude palm oil (CPO) or palmolein for February shipments. There are no open tenders from state agencies yet,” Reuters quoted a Kuala Lumpur-based trader as saying.
According to the report, the traders and refiners forecast that India will import less than 70,000 tonnes of palm oil from Malaysia in January – the lowest since April 2011 and significantly lower than the 253,889 tonnes it imported in January 2019.
Imports next month could be negligible at less than 10,000 tonnes as almost every Indian buyer has switched to Indonesia, the traders and refiners said.
“Traders stopped buying from Malaysia after the government gave verbal instructions. This month’s shipments are from the contracts signed before the government instructions,” the report quoted a Mumbai-based dealer with a global trading firm as saying.
In 2019, India imported 4.4 million tonnes of palm oil from Malaysia, with average monthly imports of 367,459 tonnes, Malaysian Palm Oil Board (MPOB) data showed.
Indonesian sellers are charging a premium of about US$25 per tonne over CPO supplies from Malaysia, but “we have little choice but to buy”, an Indian refiner, which had shifted its entire buying to Indonesia, told Reuters.
India’s palm oil imports from Indonesia could be around 550,000 tonnes in January, said Sandeep Bajoria, chief executive of the Sunvin Group, a Mumbai-based vegetable oil importer.
Indonesia is the world’s biggest producer of palm oil, followed by Malaysia.
“Even in coming months, Indian imports would be negligible from Malaysia, unless the Indian government changes its stance,” another importer based at Indore in the central state of Madhya Pradesh told Reuters.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2020/01/28/indias-january-palm-oil-imports-from-malaysia-could-hit-9-year-low-says-report/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
India Says No Meeting With Malaysia In Davos As Palm Row Simmers

India Says No Meeting With Malaysia In Davos As Palm Row Simmers

papar berkaitan - pada 20/1/2020 - jumlah : 288 hits
A worker collecting palm oil fruits at a plantation in Bahau Negeri Sembilan Malaysia India s trade minister will not meet with his Malaysian counterpart in Davos next week because of his tight schedule an Indian trade ministry official sai...
India S Import Tax On Crude Palm Oil From Asean Unchanged

India S Import Tax On Crude Palm Oil From Asean Unchanged

papar berkaitan - pada 3/2/2020 - jumlah : 269 hits
India s Finance Ministry has issued a notification that says the import tax on CPO will be 44 per cent but trade sources point out there is no change in the existing duty structure on cargoes from Asean Bernama photo NEW DELHI India s Finan...
This Year Teresa Kok S Cny Video Champions Palm Oil

This Year Teresa Kok S Cny Video Champions Palm Oil

papar berkaitan - pada 17/1/2020 - jumlah : 269 hits
The CNY video with a palm oil theme featuring Prime Industries Minister Teresa Kok PETALING JAYA Teresa Kok has released a Chinese New Year video centred around palm oil a commodity the primary industries minister has been actively lobbying...
Malaysia S Mahathir Rules Out Trade Action Over Indian Palm Oil Boycott

Malaysia S Mahathir Rules Out Trade Action Over Indian Palm Oil Boycott

papar berkaitan - pada 21/1/2020 - jumlah : 238 hits
Malaysia will not take retaliatory trade action against India over its boycott of palm oil purchases amid a political row between the two countries Prime Minister Mahathir Mohamad said on Monday India the world s largest edible oil buyer th...
No Curbs On Imports From Malaysia Turkey Indian Commerce Minister

No Curbs On Imports From Malaysia Turkey Indian Commerce Minister

papar berkaitan - pada 17/1/2020 - jumlah : 215 hits
India s Commerce Minister Piyush Goyal on Thursday said that New Delhi has not imposed any curbs on imports from Malaysia and Turkey India believes in free play and equal treatment for all Goyal said at a security conference in New Delhi ad...
Indonesia To Increase Imports From India Amid New Delhi Putrajaya Spat

Indonesia To Increase Imports From India Amid New Delhi Putrajaya Spat

papar berkaitan - pada 25/1/2020 - jumlah : 241 hits
Indonesia the world s biggest palm oil producer and exporter is expected to be the biggest beneficiary of India s row with Malaysia KUALA LUMPUR Indonesia has agreed to immediately increase imports of Indian buffalo meat sugar and auto part...
A 40 Year Old Man From Wuhan Has Now Become The 4th Infected Victim In Malaysia

A 40 Year Old Man From Wuhan Has Now Become The 4th Infected Victim In Malaysia

papar berkaitan - pada 26/1/2020 - jumlah : 335 hits
The man arrived in Johor by bus from Singapore on 22 January img alt Small thumb 0826f8e60e6907f8190c18d5a9121751 src https images says com uploads user avatar 557899 small thumb 0826f8e60e6907f8190c18d5a9121751 jpg img By Sadho 26 Jan 2020...
India Boikot Sawit Malaysia Untung

India Boikot Sawit Malaysia Untung

papar berkaitan - pada 17/1/2020 - jumlah : 275 hits
Malaysia akan mencatat keuntungan daripada langkah negatif India memboikot minyak sawat negara ini Pakar berkata sekatan minyak sawit terproses Malaysia oleh India akan menyebabkan kekurangan komoditi itu dalam pasaran lain yang boleh diisi...
Mcdonald S Malaysia Ushers In Chinese New Year With The Elderly

Mcdonald S Malaysia Ushers In Chinese New Year With The Elderly

papar berkaitan - pada 22/1/2020 - jumlah : 414 hits
The company continues its tradition in sharing the True Meaning of Prosperity for the fourth year by celebrating with senior citizens across the nation Restaurant crew members of McDonald s Malaysia continue on the company s tradition of vi...
Oriental Kopi Klcc Port Minum Kopi Terbaru

Pasar Raya Flagship Jaya Grocer Di Sunway Pyramid Tarik Pengunjung Dengan Penampilan Serba Baharu

U Mobile The New Ali Baba Contractor For The Second 5g Network Tender

The Celebrity Legs And Feet In Tights 2024 Pantyhose Queen Poll Full Contender List

Panas Artis Wanita Malaysia Ditahan Polis Thailand Turut Ditemukan 6 000 Biji Pil Kuda

Iphones Dalam Bahaya Amaran Baru Peretasan Sasarkan Peranti Apple

Explore The Hottest Tangkasnet Gaming Trends And Top Picks For 2024

Jangkitan Kulit Utama Oleh Mycobacteria Bukan Tuberkulosis Laporan 6 Kes


echo '';
Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council

Anugerah Seri Angkasa 2024 Senarai Keputusan Pemenang Calon Top 5 Kategori Hadiah Persembahan Penyampai Trofi Dan Segala Info ASA 36


Immigration Officers Involved In Counter Setting Case Transferred Says Dg

Kerajaan Perkenal Undang Undang Lebih Tegas Tangani Buli Siber Kata Anwar

Malaysiaweeklyrecap 30 September

Malaysiaweeklyrecap October

Learning Has Always Been Distinctive Not Uniform

Ebook Rahsia Taobao