As Indian consumers become more health-conscious, the salty snacks market is shifting away from palm oil, with the palm oil-free trend gaining momentum. Rice bran oil, groundnut oil, as well as mustard, sunflower, and coconut oils are among the healthier options as perceived by consumers. Driven by consumer awareness and...
NITI Aayog’s 2024 report outlines a strategic plan to boost India’s self-reliance in edible oils by expanding palm oil cultivation on wastelands. With over 8.6 million hectares identified for potential growth, this initiative aims to significantly reduce import dependence, increase domestic production, and enhance India’s edible oil security. Palm oil...
Around 85% of the world’s palm oil is produced in Indonesia and Malaysia, and shifting weather patterns in the Equatorial Pacific Ocean, particularly El Niño, may have a significant impact on those nations’ agricultural output. IBT analyses the possible impact on India, given its heavy reliance on palm oil imports....
During the first six months of the current oil year, India experienced a significant increase of approximately 22.29% in imports of edible oils. India imported 80.02 lakh metric tons (LT) of edible oil from November to April, up from 65.43 LT in the same period last year. IBT conducted an...
The Union Cabinet has approved a dedicated National Mission on Edible Oils-Oil Palm to make India ‘Aatmanirbhar’ in production of edible oils, including oilseeds and oil palm. But can it achieve this in an environmentally sustainable manner, learning from the experiences of Southeast Asian countries? India is the largest importer...
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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