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15 - 30 Nov 2020
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Archive
2020
24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
15 - 30 Nov 2020
Test Volume
2019
2018
29 Jan - 04 Feb 2018
Section 1: CPO Price Trend
29 Jan - 04 Feb 2018
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2018
Section 1: CPO Price Trend
06 - 12 Aug 2018
Section 2: Global Palm Oil Market Focus
2017
2016
22 - 29 Feb 2016
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2016
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2016
Section 2 : Trade Issues and Market Prospects
2015
2014
2013
2012
2011
2010
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POINTERS
ORGANIZED BY:
Section 1 : CPO Price Trend:
India's Palm Oil Import Trend for 2018/19 and 2019/20
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.

VIEW PROFILE
1. India is the 2nd largest most populous Nation, Largest democracy country
with maximum young people, One of the fastest growing economy,

2. India is the largest importer of edible oils in the world. India imported 4.43 ml T of edible oils during 2001-02 and it had increased to 14.51 ml T during 2017-18. Over and above this, India imported 0.51 ml T Non-Edible Oils during 2017-18. The growth of import of edible grade Palm Oil during this period was 195% while growth in import of Soft Oils was 210%.

3. Import of Non-edible Palm Oil was 263k during 2001-02 which increased
to 510k during 2017-18.

4. Consumption of Palm Oil during 2001-02 was 29.08% of all the edible oils consumed in India and it increased to 39.2% during 2017-18.

5. Demand Drivers of edible oils in India are:
a. Consistent GDP growth.
b. A big expansion in the Indian Middle class of people.
c. Double digit growth of Out of Home consumption of edible oils.
d. Per Capita consumption of edible oils in 2001-02 was 9.4 kg and it increased to 16.5 kg in 2017-18. Still Per Capita consumption is below the threshold level of consumption. Low consuming States of Central and East India will catch up with their peers of West and North India.
e. Even with a Moderate Population growth, absolute increase in number of people is quite high.
f. Schemes like NREGA and rising the income level of people who are consuming much below all India level.
g. Rising urban population and many more.

6. Different Zones have different preference of edible oils:
a. Mustard Oil is Kachchi Ghani Oil with a strong pungent smell. The biggest markets for this oil are East India followed by North India.
b. Cottonseed Oil have a largest consumption in Gujarat and Surrounding States.
c. Sunflower Oil is preferred by affluent class of people of South and West India.
d. Refined Soybean Oil is preferred by consumers in Madhya Pradesh, Maharashtra and North India.
e. Palm Oil is highest selling oil in the country. This is gaining big popularity in the Out of Home Consumption (HORECA) segment. This is the preferred oil in South India and Coastal East India. It is gaining popularity in West and North India also.
f. Groundnut oil, once upon a time, the most preferred oil but now slowly dying out due to high price and low availability. The demand of Groundnut Kernel is phenomenally growing. Hence creating a scanty of availability of Seed for crushing.

7. There is seasonal pattern of Palm Oil consumption. During Summer period, consumption is the highest i.e. from March to June. At higher temperature, during these months Palm Oil does not become hazy. During Monsoon, demand is reasonably high i.e. during July to October. During Winter, consumption is low i.e. during Nov to Feb. As the temperature are low, Palm Oil becomes hazy while the people prefer Oil in liquid form.

8. Production of Domestic Oils increased from 5.64 ml T in 2001-02 to 7.76 ml T during 2017-18 while the consumption increased from 10.12 ml T in 2001-02 to 22.25 ml T in 2017-18. The domestic production is not catching up with the consumption and hence there is every year increase in import of edible oils. Dependency on import during 2001-02 was 44% which has increased to 65% in 2017-18.
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Now
15 - 30 Nov 2020
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