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The Solvent Extractors' Association of India expects the Union Budget to fund an National Mission on Edible Oils and oilseed production to cut India's 60% edible oil import reliance. The association also asked the government to lift the de-oiled rice bran export ban, which runs until July 31, 2024.
Lifting the de-oiled rice bran export ban would add exportable meal supply, while budget support for oilseeds could eventually reduce India's vegetable oil import demand.
thehindubusinessline.comBL Mangaluru BureauJun 20, 2024After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
