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The Economic Times

Economy / The Economic Times

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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.

21 Jul 2026 12:37 am