WHAT IS CRUDE PALM OIL?
Crude Palm Oil
Crude Palm oil is an edible oil derived from pulp of oil palms. It is naturally reddish in colour as it contains high amounts of beta-carotene. Its scientific name is Elaeis guineensis.
Uses of crude palm oil
Palm Oil is used for cooking and largely in South East Asia. Besides cooking purposes and food products, Palm Oil and derivatives known as fractions of the oil are used in the manufacture of pre-packaged food, cosmetics, cleaning products, hair care, soaps and personal care items. Palm Wax is used in the manufacture of candles. It is also used to manufacture bio fuel for motor vehicles, shipping and aircraft fuel and one of its by-products is glycerin.
CRUDE PALM OIL NEWS
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Indonesia may strive to corner 60% of India's palm oil markets: Official
Global palm Oil prices seen stabilizing around $1000-$1100 per tonne due to low pdtn| September 23, 2022, Friday -
Edible oil imports surge 35% in Aug as share of Russia, Argentina rises
RBD palmolein now constitute 12% of total imports of edible oils against 2% last year| September 14, 2022, Wednesday -
Govt slashes base import price of palm oil; raises rate of soyoil
India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government ...| June 01, 2022, Wednesday -
Decoded: What is windfall tax on oil companies and where does India stand?
If a windfall tax is imposed in India, it will not only be aimed at private companies like Reliance, but also at state-owned ...| June 01, 2022, Wednesday -
Indonesian crisis could spur focus on boosting local edible oil production
However, achieving self-sufficiency in edible oil will remain a distant dream unless drastic policy measures are taken| May 04, 2022, Wednesday -
Indonesian palm oil export ban a concern but impact to be transitory: FMCGs
Indian FMCG players have said they are concerned about Indonesia's move to ban exports of palm oil, though some of them expect ...| May 01, 2022, Sunday -
Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export
This could also be beneficial to the Indian local refining industry as any move to curb import of refined oils boosts domestic ...| April 25, 2022, Monday -
India's bulk diesel buyers rush to cheaper retail outlets after price hike
The surge in diesel sales is putting pressure on India's logistics and supply infrastructure, according to Reliance| March 21, 2022, Monday -
Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply
Palm oil's record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from ...| March 01, 2022, Tuesday -
Duty cut could lift India's refined palm oil imports, dent CPO purchases
Higher imports of refined palm oil by India, the world's biggest buyer of vegetable oils, could help producers in Indonesia and ...| December 22, 2021, Wednesday
