MUMBAI, Jan 16 (Reuters) - India's palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil's premium over rivals drives buyers ...
Benchmark palm oil prices will average 4,350 ringgit ($972.07) a metric ton this year, up 5.4% from 2024, according to a median estimate of 11 traders, analysts and industry participants.
President Prabowo Subianto has called for tighter security to protect Indonesia’s palm oil plantations, saying the commodity is being targeted by foreign countries. “They really need our palm ...