Palm Oil Internet Seminar

Palm Oil : Challenges, Opportunities And Latest Market Directions:
Changing Dynamics in the Indian VegOil Complex with Special Reference to Palm
By: Mr. Govindbhai G. Patel

a) He is Managing Partner of GG Patel & Nikhil Research Company. A first of its kind research company in India which is working on primary research about agricultural industry and its dynamics. The company has undertaken several projects & provides detailed statistics and information with its core competence in oils & oilseeds market.

b) He is Managing Partner of GGN International, an intermediary which helps Indian importers procure imported oils like CPO, Palmolein, Soybean Oil, Sunflower oil, Rapeseed oil etc.

c) He has spent more than 50 years in the oilseeds Industry, with experience on all aspects of the veg oil Industry. He has experience of running crush plant, solvent plant, and refinery to Vanaspati Industry. He has actively participated in Import of Vegoils & export of oil meals and oilseeds to Europe & South east Asia.

d) Ex - President of The Solvent Extractors’ Association of India, Mumbai (SEA) which is a Premier Association of Oils, Oilseeds and De-oiled Meals industry in India having more than 850 membership.

e) Ex - President of The Central Organization for Oil Industry & Trade, New Delhi (COOIT) – COOIT is an apex body for all the Associations situated in India relating to Edible Oils, Oilseeds and Deoiled Meals.

f) Ex - Vice-Chairman of the Vanaspati Manufacturers’ Association of India, New Delhi.

g) Have presented various Papers at International and National Forums.

h) Leader of various delegations sent broad sponsored by Central Government and various Associations for promotion of Oilseeds, Oils and Deoiled Meals export/import and trade in general from India.

i) Presently Executive Committee Member of SEA and COOIT and also Convener of Crop Estimate Committee of COOIT and SEA.

The presentation is going to cover how the Indian vegetable oil industry has changed in the past few years and what do we project in the coming 3 to 4 years. Palm is a very important part of the Indian vegetable oil complex and it promises to grow in consumption in India. India’s dependence on import and especially of Palm is going to be significant as the domestic production of oils is not able to catch up with the fast growing demand. To outline the dynamics, character and opportunities in the Indian vegetable oil market, the below topics will be covered:-

• Import & Consumption pattern of India in last few years

• Region wise Import, Fractionation capacity & consumption

• Consumption of palm in Out of home & House hold

• Positioning of Palm in the mind of Indian consumer and more to give a brief overview of India with a palm perspective.

Download Report Download Slides
Please login to post Question & Answer;
Questions & Answers (3) :
Govindbhai G. Patel
12 years ago
Dear Ms Bhavna, From Nov,’11 to July,’12, India imported 1325k Palmolein against 737k during the same period of the previous year. According to my estimate, the total import of RBD Palmolein during Nov,’11 to Oct,’12 may be 1625k against 1090 k in the corresponding period of the previous year. Hence about 50% increase against the previous year. Off-course this more import is on account of revision of Export Duty by Indonesia. But recently the Indian Government has revised the Tariff Value effective from 01.08.12. Hence the import duty in India has been increased from $ 37/T to $ 79/T. This revision of Tariff Value will reduce the import of RBD Olein during the last quarter of current year. During first 3 quarters of the current year, the average import of RBD Olein is 150k per month and during the remaining quarter of the current year, the average import may get reduced to 100/110k per month. For the time being, this revision of Tariff Value seems to be beneficial to the Indian Industry. Presently RBD Olein is sold by Indonesian Exporters at a premium of $ 25/30 over CPO. Moreover, due to large scale of refining capacity of individual refiners against Indian Refiners, the refining cost of Indonesian Refiners are less by $ 20/T in comparison with Indian Refiners. Even after increase in the Tariff value in India, the Indonesian Refiners have hefty margin comparing today’s spread between CPO and Olein export prices. Presently heavy expansion of refining capacity in Indonesia is under pipeline. It is estimated that when Indonesia’s present refining capacity of 25 ml T is being expanded by 17 ml T to 42 ml T yearly. When this expanded capacity comes into operation, the Indonesian Exporters may be able to sell CPO and RBD Olein at the same price and at that time, Indian Industry will be really at very much disadvantage and that will absolutely restrict the growth of Indian Industry. Not only that, the utilisation capacity of the Indian Industry may go down considerably.
Bhavna Shah
12 years ago
Dear Govindbhai, RBD olein imports have more then doubled in the current year, ostensibly, as a consequence of the revision of Indonesian export duties. Is any significant impact foreseen on the development and growth of Indian industry?
Kamal Azmi
12 years ago
Dear Mr. Govindbhai G. Patel, From your experience in Indian Vegetable Oils market, how do position palm oil vis-a-vis again other edible oils in India. What kind image is feasibe for palm oil in order to capture the heart and mind of Indian consumer, particularly.
7,261 registered users
0 currently online
Members' Login
    Forgot Password?
© 2024 Malaysian Palm Oil Council (MPOC). All Rights Reserved. For enquiries please contact info@pointers.org.my