India’s agricultural exports grew 13% year-on-year, reaching US$ 22.67 billion by February FY25, amid a 21% surge in rice exports after the removal of restrictions 12% increase in Meat, dairy, and poultry exports, while fresh produce and processed foods also saw steady growth. However, oilmeal exports declined 12.39% due to...
As India’s festive season unfolds, a sharp rise in edible oil prices is straining household budgets and raising costs for sectors like restaurants, hotels, and sweet shops. Last month, palm oil prices surged by 37%, with mustard oil following close behind at a 29% hike. This surge comes as retail...
Dr. Basanta K. Sahu, Faculty (Economics), IIFT, New Delhi discusses how rising demand, low productivity, market volatility, changing cropping patterns and trade policies have led to a rapid rise in imports of edible oil products, which surfaced as a crucial policy concern. He asserts that raising productivity, at least up...
Prof Sthanu R Nair, IIM Kozikhode, feels that to curb the popularity of palm oil/palmolein (major contributor to India’s imports), popularity of other edible oils can be enhanced. But this is possible only if they are made price competitive through productivity improvement either by adopting indigenous or foreign (genetically modified)...
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