Modi’s Atmanirbhar Bharat: How palm oil cultivation can make India self-reliant in edible oil
Published Jul 29, 2020
Tridge summary
The domestic consumption of edible oils in India has been outstripping the production and the gap between the two is quite significant which is being met by imports.
Original content
Ashok Vishandaas & Nitisha Thakwani India is a net food exporting country but depends heavily on imports of edible oils. Prime Minister Narendra Modi appealed on 23 July 2020 to the farmers in the North-East States to take up oil palm cultivation in a big way. It is a step to support the Atmanirbhar Bharat initiative and will reduce the imports of Palm oil and make India self-sufficient in edible oils too. India imports nearly 15 million tonnes annually (or nearly 68 per cent) of edible oils to meet the country’s annual consumption demand of about 22 million tonnes. The bulk of these imports are palm oil. Of the total imports of edible oil, palm oil accounts for 60 per cent or about 9 million tonnes. Even though each vegetable oil has unique characteristics, they are substitutes in food as well as in industrial sectors. The choice between various oils largely boils down to the relative prices among oils. Palm oil is preferred over other edible oils for food purposes especially by ...
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