![]() India is said to have the potential to increase the domestic production of oilseeds by improving the farmland area, which could reduce the dependence on imports, and also benefit the farmers. Primarily, they are a major source of energy and carrier of essential nutrients which are vital for growth & metabolism, protecting brain cells, reducing the risk of heart disease, etc.Ī wide range of oilseed crops are produced in different agro-climatic regions of the country, which include groundnut, soybean, mustard, sesame, sunflower and safflower. These are known to provide nutrition to the body and thus are associated with numerous health benefits. ![]() Vegetable oils are extracted from plant sources, like seeds or fruits. Ways that will make India self sufficient in edible oil production : For ex: there also was a significant decrease in the soya oil price India, after the introduction of gst in the country. ![]() This clearly indicates that GST implication has worked to lower the edible oil prices in India, eventually lowering the prices of majorly consumed vegetable oils. An overall increase in the price index was seen over the years from the financial year 2013 in the country. The Wholesale Price Index of edible oils across India during the financial year 2022 was over 187. To fulfill this demand, in 2018-19, India cultivated oil seeds on 25 million hectares of land, producing 32 million tons of oilseeds in that time period, with soybean, rapeseed, mustard, and groundnut accounting for almost 90% share in the area.Īs per the recent statistics available for the year 2019, India imported around 15 million tons of edible oil, worth Rs 7,300 crore, which accounted for 40% of the agricultural imports bill, and 3% of the overall import bill of the country. This incessant increase created a demand of around 26 million tons of cooking oil, profiting the edible oil market in India. Edible oil consumption and price in IndiaĪccording to the recently retrieved data, each Indian consumed 19.5 kg of edible oil every year on an average during 2015-16, up from 15.8 kg in 2012-13. In this blog, we tell you about the ways India can become self-sufficient in edible oil production. The improved oilseed area helped in creating a profitable edible oil market in India. Since India became one of the world’s major importers of edible oil in the 1990s, importing approximately half of the local supply, the oilseed sector has always been a significant area of concern. Around 10% of the world’s oilseeds are produced in the country, and between 6% and 7% of all vegetable oil in the world is produced as well. India holds a significant place in the global oil industry, both in terms of cropland and output.
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