India’s edible oil industry calls for agricultural reforms:
Other Edible Vegetable Oil
India
Published Nov 21, 2021
Tridge summary
India’s edible oil industry body, Solvent Extractors’ Association of India (SEA) while expressing its appreciation of the Prime Minister’s announcement of repealing the three farm laws, pointed out that reforms are necessary for the Indian agriculture sector to become competitive and improve farmers income. The association hoped that agriculture reforms should continue to be implemented in a more politically acceptable manner.
Original content
Prime Minister Narendra Modi announced that the government has decided to repeal the three farm laws, which were at the center of protests by farmers for the past year, and appealed to the protesting farmers to return home. “With hardened opposition stand of the farmers for whose benefits these farm laws were designed it was really magnanimous on part of our Prime Minister to announce its withdrawal,” said Atul Chaturvedi President, SEA of India. Chaturvedi further added that the agriculture sector is crying for massive reforms if it has to become competitive and improve farm incomes. “Current high MSP (minimum support price) can never be sustainable as it would hurt consumers,” Chaturvedi said. India’s farm productivity levels, which are less than 50 percent of the world average in practically all agricultural commodities, have to go up to improve rural incomes, he added. “We only hope agriculture reforms in a more politically acceptable manner should continue to be implemented,” ...
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