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Section 1: Price Direction:
India Palm Oil Import 2021 Outlook after CPO Import Duty
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By: Mr. Nirav Desai
Mr. Nirav Desai heads of below three companies,
- GGN Research: Market intelligence & consultancy company on Argo commodities with oil & oilseeds being its forte.
- GGN International: An Intermediary for crude edible oils like Palm, Soy, Sun & Rapeseed oils.
- Nikhil commodity: TCM of NCDEX/MCX-Indian commodity exchanges.
This creates a unique combination and understanding of the commodities market and all its major aspect of RESEARCH, PHYSICAL & FUTURES.
With 15 years of experience in these sectors, he is an expert in conducting market studies and other fundamental.
He is widely known for being:
- A Regular speaker on CNBC awaaz, Zee Business and UTV Bloomberg for his views on commodities and especially on Oilseeds and Pulses.
- - An Experts on India Agro Futures, he is on the product committee and Advisory Board of commodity Exchange (NCDEX & MCX)
- - A Regular speaker in National & International conferences and forums. He has submitted several research papers like:
- The cost of production of Agricultural Commodities to an Indian farmer
- Reasons behind India becoming the biggest Palm Oil importer in the world.
- Out of Home consumption of edible oil in India.
- Projection on Indian edible oil scenario in 2015.
- - Member of the Crop Estimate of COOIT and is also, on the Executive Committee of SEA.

VIEW PROFILE
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India is a key importer of edible oils, it includes around 2/3 imports of palm oil (CPO). So, it is important to know the trend and the factors that affect CPO imports. Like recently Indian Govt. change the duty structure, where duty advantage of CPO over soy oil reduced to 2.75% from 8.25%, but still it is cheaper oil compared to other edible oils. Now, the question is: At what extent CPO would take the import share of its rival soy oil. Also, at what extent domestic edible oils production would provide relief from heavy import burden.
In this presentation, we will analyze and compare the current edible oils requirement and prospects of imports in the near term.
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Section 1: Price Direction |
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Archives |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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Yes, Oil Palm plantations have started in India. Domestic output of Palm oil is 2.50 Lac MT which is around 3.5% of India’s Oil output.
2 years ago
No, there is no active lobbyist group in India against palm oil. There is a large dependency on palm oil to satisfy Indian food and other demand.
2 years ago
No, India is not affected by the move of Sri Lanka.
2 years ago
Hi George, Govt. imposed Import duty to safeguard the domestic oilseed processors. It is not just duty but prices of edible oils are rising internationally due to world’s lower production of oilseeds. The retail prices of edible oils have increased by 25% to 70% in the past one year. Govt. is now worried about the continuously hike in edible oil prices. Yesterday, food ministry sent a proposal to review cooking oil prices and a meeting may be called soon. The new duty structure impose to raise specific fund for the Agriculture Infrastructure and Development, in the contrary it reduces the import bill of the Government. I believe this is a step towards their mission of India to become self-sufficient in edible oils, which help to reduce import burdens. As of now, it is difficult say that how much affect or deviate from this agenda due to system glitch and bureaucracy.
2 years ago
Hi Fency, Due to high price of edible oils, the demand of India will be remain on hand-to-mouth for a time been until the price of edible get eased. If, we assume the rapid pace of vaccination continues & successfully done in 2021, then palm oil imports may further increased due to its competitive price. It is difficult to regain the import share of refined palm oil as Govt. put RBD into restricted category. Also, CPO & RBD import duty gap is now widened by 19.25%.
2 years ago
Hi HCLeow, HoReCa sector is slowly recovering. With the resurgence of second COVID wave, it seems that it will take 5-6 months more to reach at the pre COVID levels. India comprises of a very large volume of middle class price sensitive families. Strong surge of Veg oil prices will definitely result in demand rationing in household sector. There is a very large dependency on edible oil imports. As we can see edible oil prices are trading at all time high and Govt is also worried for the rising prices. So we don’t think that here any risk that Indian government will increase the import duty on palm oil or soft oil and further escalate the fire in edible oil prices.
2 years ago