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Godrej Agro to expand oil palm area to 1.4 lakh hectares, bets on rising demand
Edible oil prices are expected to stay elevated for several months ahead. Geopolitical tensions and El Nino threats are tightening global supplies significantly. Indonesia's biodiesel push further reduces palm oil available for export markets. India's festive season demand will also contribute to strengthening edible oil prices. Domestic oil palm cultivation expansion aims to reduce import dependence.
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economictimes.indiatimes.com
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Godrej Agro to expand oil palm area to 1.4 lakh hectares, bets on rising demand
Edible oil prices are expected to stay elevated for several months ahead. Geopolitical tensions and El Nino threats are tightening global supplies significantly. Indonesia's…
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India's edible oil imports to surge July-October as supplies shrink before festivals
India's edible oil imports will increase from July to October. This rise is due to slower domestic soybean and rapeseed crushing operations. Higher imports are expected to meet…