Data● Neutral for Indian equities
India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
The brief
- India’s sunflower oil imports fell 36% in September to a more-than-four-year low
- Black Sea disruption pushed palm oil higher
- Higher edible-oil prices may benefit Indian oil processors but raise costs for food companies
- CII welcomes RoDTEP extension, seeks five-year policy horizon for exporters
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says
- Govt may hike outlay under two key tax refund schemes for exporters to ₹2 trillion over five years