# Press Release: Press Information Bureau

> India imposed stock limits on pulses for wholesalers, retailers, millers and importers through an amended order effective 2 July 2021. The government also cited steps to speed port clearance of edible oils and noted that pulse and oilseed prices are falling.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/46034-press-release-press-information-bureau
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Faster edible oil clearances and falling oilseed prices point to softer Indian demand pressure on vegetable oil imports, which is bearish for palm and soybean oil.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-03-19 | [Biofuels policies to massively increase deforestation by 2030 –… \| T&E](https://feedsoft.ai/events/54146-biofuels-policies-to-massively-increase-deforestation-by-2030-t-and-e.md) | +1.3% | -3.9% |
| PALMOIL | 2023-01-01 | [Regulation on Deforestation-free Products](https://feedsoft.ai/events/38269-regulation-on-deforestation-free-products.md) | +4.8% | +1.2% |
| PALMOIL | 2023-05-03 | [EU Regulation on Deforestation-free products](https://feedsoft.ai/events/35974-eu-regulation-on-deforestation-free-products.md) | +9.2% | +2.0% |
| PALMOIL | 2022-03-09 | [Oil prices tumble after UAE says it wants OPEC to increase production \| CNN Business](https://feedsoft.ai/events/5821-oil-prices-tumble-after-uae-says-it-wants-opec-to-increase-production-cnn.md) | -2.3% | -9.2% |
| PALMOIL | 2020-03-02 | [The Palm Oil Conundrum in EU-ASEAN Relations – The Diplomat](https://feedsoft.ai/events/54014-the-palm-oil-conundrum-in-eu-asean-relations-the-diplomat.md) | -7.2% | -13.4% |
| SBO | 2020-03-19 | [Biofuels policies to massively increase deforestation by 2030 –… \| T&E](https://feedsoft.ai/events/54146-biofuels-policies-to-massively-increase-deforestation-by-2030-t-and-e.md) | +6.4% | +5.0% |
| SBO | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | -3.9% | -2.6% |
| SBO | 2017-07-06 | [EPA Lowers Proposed Volume Standards for RFS \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69849-epa-lowers-proposed-volume-standards-for-rfs-farm-bureau-intel-markets-american.md) | +0.8% | +3.0% |

## Sources

- pib.gov.in: https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1732340

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.