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How will domestic refiners of edible palm oil perform this fiscal?
Revenues of domestic refiners of edible palm oil are expected grow by about a tenth this fiscal on steady demand and higher realisations, according to CRISIL Ratings. The operating profitability is seen rising 40-50 basis points (bps) to around 3.5 per cent owing to favourable prices and continuation of duty-free imports.
How will nmeo-op affect oil palm cultivation?
With the Indian government's announcement of more than 1.4 billion USD to promote oil palm cultivation in the country under the NMEO-OP, the area under oil palm cultivation is projected to increase by more than three folds to a million hectares, and the production of crude palm oil to 1.125 million tonnes by 2026-26.
Which palm oil refiners have NDPE policies?
The eleven largest refiners and Malaysia now have NDPE policies, of which the Salim Group falls short in its NDPE implementation. Currently, 72 percent of palm oil production is covered by refiners that are transparent about their supply chains and have an operational grievance system.
What percentage of palm oil refining capacity is covered by NDPE?
As of April 2026, NDPE policies cover 83 percent of palm oil refining capacity and Malaysia. In November 2017, this percentage stood at 74 percent. The increase is the result of six company groups with large refining capacity adopting NDPE policies. Because of weak implementation, effective NDPE coverage falls to 78 percent.