Section 1: Price Direction:
India Palm Oil Import 2021 Outlook after CPO Import Duty
Mr. Nirav Desai
Mr. Nirav Desai heads of below three companies,
- GGN Research: Market intelligence & consultancy company on Argo commodities with oil & oilseeds being its forte.
- GGN International: An Intermediary for crude edible oils like Palm, Soy, Sun & Rapeseed oils.
- Nikhil commodity: TCM of NCDEX/MCX-Indian commodity exchanges.
This creates a unique combination and understanding of the commodities market and all its major aspect of RESEARCH, PHYSICAL & FUTURES.
With 15 years of experience in these sectors, he is an expert in conducting market studies and other fundamental.
He is widely known for being:
- A Regular speaker on CNBC awaaz, Zee Business and UTV Bloomberg for his views on commodities and especially on Oilseeds and Pulses.
- - An Experts on India Agro Futures, he is on the product committee and Advisory Board of commodity Exchange (NCDEX & MCX)
- - A Regular speaker in National & International conferences and forums. He has submitted several research papers like:
- The cost of production of Agricultural Commodities to an Indian farmer
- Reasons behind India becoming the biggest Palm Oil importer in the world.
- Out of Home consumption of edible oil in India.
- Projection on Indian edible oil scenario in 2015.
- - Member of the Crop Estimate of COOIT and is also, on the Executive Committee of SEA.
India is a key importer of edible oils, it includes around 2/3 imports of palm oil (CPO). So, it is important to know the trend and the factors that affect CPO imports. Like recently Indian Govt. change the duty structure, where duty advantage of CPO over soy oil reduced to 2.75% from 8.25%, but still it is cheaper oil compared to other edible oils. Now, the question is: At what extent CPO would take the import share of its rival soy oil. Also, at what extent domestic edible oils production would provide relief from heavy import burden.
In this presentation, we will analyze and compare the current edible oils requirement and prospects of imports in the near term.
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