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India meets its domestic requirements of edible oils from palm oil. Under which India imports palm oil from Indonesia and Malaysia. In the past, Indonesia had banned the import of palm oil, then the prices of edible oils had increased in the country.
India is dependent on foreign countries on edible oils. According to statistics, India imports more than 60 percent of its domestic consumption of edible oil from abroad, of which about 50 percent is palm oil. Overall, India meets its domestic requirements of edible oils with palm oil imported from Indonesia and Malaysia. Keeping this in mind, there has been a long standing advocacy of India to reduce foreign dependence on edible oils. In this regard, the Government of India is emphasizing on increasing the production of oilseeds. As a result, there has been an increase in the production of mustard and sunflower inside the country this year. At the same time, efforts to increase the production of palm oil have also intensified. In which Kerala has announced to double the production of palm oil.
Target to double production in 5 years
Kerala plans to produce palm oil in the next 5 years. Under which the area of palm will be increased in the state. In this episode, a target has been set to increase the area of palm in the state by 65 hectares by 2023. And by 2027-28, the area under palm cultivation in the state will be expanded to 6,500 hectares, mainly through Oil Palm India at Kollam, Plantation Corporation of Kerala (PCK) at Kottayam and individual growers distributed in 13 districts. Will go. In fact, Kerala consumes 2.5 million tonnes of palm oil every year, but produces only 30,000 tonnes of fresh fruit flakes.
Farmers will be encouraged to produce palm
The Kerala government and Oil Palm India joint venture has decided to increase the area under palm cultivation in the state in view of the rising prices of edible oils. For which a strong plan has been made. For this farmers will be attracted with subsidy and price support mechanism. Under which farmers cultivating rubber and other traditional crops in the state will be encouraged to take up palm cultivation as an alternative to crops. According to the information, Palm Oil India has made a plan to plant palm in 3,646 hectares of Yerur, Chitra and Kulathupuzha in Kerala.
Indonesia had imposed a ban on exports, then the prices had increased in the country
Palm oil plays an important role in India’s domestic requirement of edible oils. In fact, in the past, Indonesia, the top exporter of palm oil, had banned the export of palm oil from the country. The effect of which was seen in the markets of India. As a result, there was an increase in the prices of all edible oils. At the same time, when the Indonesian government lifted the ban on the export of palm oil, there was a fall in the prices of edible oils in the country.
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