{"id":42465,"date":"2024-09-15T03:16:50","date_gmt":"2024-09-14T21:46:50","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=42465"},"modified":"2025-05-05T10:18:01","modified_gmt":"2025-05-05T04:48:01","slug":"edible-oil-scenario-in-india","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/edible-oil-scenario-in-india\/","title":{"rendered":"Edible Oil Scenario in India"},"content":{"rendered":"<h2><strong>What\u2019s in today\u2019s article?<\/strong><\/h2>\n<ul>\n<li>Why in News?<\/li>\n<li>Edible Oil Scenario in India<\/li>\n<li>Report on \u2018Pathways and Strategies for Accelerating Growth in Edible Oils Towards Atmanirbharta\u2019<\/li>\n<\/ul>\n<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li>The Ministry of Finance issued a notification to increase import duty on edible oils from 0% to 20%.<\/li>\n<li>This will take the total effective duty on edible oils to 27.5% (after adding other components) &#8211; an attempt by the world&#8217;s biggest edible oil importer to support local oilseed farmers.<\/li>\n<li>This comes days after the Centre allowed soybean (the leading source of edible oils) procurement at Minimum Support Price (MSP) in 4 states &#8211; Maharashtra, MP, Karnataka and Telangana.<\/li>\n<\/ul>\n<h2><strong>Edible Oil Scenario in India:<\/strong><\/h2>\n<ul>\n<li><strong>What are edible oils?<\/strong>\n<ul>\n<li><strong>Edible oils are mainly vegetable oils <\/strong>that are subjected to several <strong>refining processes <\/strong>(such as neutralisation, bleaching and deodorisation) to remove undesirable constituents.<\/li>\n<li>Regarding consumption as a food product, <strong>vegetable oils are considered the healthier alternative<\/strong> as they contain more unsaturated fatty acids than animal fats.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Overall scenario of edible oil availability in India:<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/vajiram-prod.s3.ap-south-1.amazonaws.com\/Edible_oil_availability_61260c8979.webp\" alt=\"Edible oil availability\" \/><\/p>\n<ul>\n<li><strong>India contributes about 5-6% of the world oilseeds production<\/strong>, accounting for the estimated production of 41.35 million tons (MT) of nine cultivated oilseeds during the year 2022-23 (November-October).\u00a0<\/li>\n<li><strong>Export <\/strong>of oil meals, oilseeds and minor oils was about 3.46 MT in the financial year 2022-23 valued at Rs 14,609 crores.<\/li>\n<li><strong>Area and production of oil seeds in India:<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/vajiram-prod.s3.ap-south-1.amazonaws.com\/Area_and_production_of_oil_seeds_in_India_8c1db59bd8.webp\" alt=\"Area and production of oil seeds in India\" \/><\/p>\n<ul>\n<li><strong>Regional variation in edible oil production:<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/vajiram-prod.s3.ap-south-1.amazonaws.com\/Regional_variation_in_edible_oil_production_8f8a198ac3.webp\" alt=\"Regional variation in edible oil production\" \/><\/p>\n<h2><strong>Report on \u2018Pathways and Strategies for Accelerating Growth in Edible Oils Towards Atmanirbharta\u2019:<\/strong><\/h2>\n<ul>\n<li><strong>About the report: <\/strong>It was released by the <strong>NITI Aayog <\/strong>to comprehensively explore the current state of the country\u2019s edible oil sector and its future potential.<\/li>\n<li><strong>Highlights of the report:<\/strong>\n<ul>\n<li>The report highlights that over the past decades, <strong>per capita consumption of edible<\/strong> oil in the country has seen a <strong>dramatic rise<\/strong>, reaching 19.7 kg\/year.<\/li>\n<li>This surge in demand has significantly <strong>outpaced domestic production<\/strong>, leading to a <strong>heavy reliance on imports<\/strong> to meet both domestic and industrial needs.<\/li>\n<li>In 2022-23, <strong>India imported 16.5 MT <\/strong>of edible oils, with domestic production fulfilling only 40-45% of the country\u2019s requirements.<\/li>\n<li>This situation presents a <strong>substantial challenge<\/strong> to the country\u2019s goal of achieving <strong>self-sufficiency <\/strong>in edible oils.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Roadmap to address existing challenges:<\/strong>\n<ul>\n<li>The report focuses on bridging the demand-supply gap and developing new approaches to attain self-sufficiency.<\/li>\n<li>Under a Business-As-Usual (BAU) scenario, the <strong>national supply<\/strong> of edible oil is projected to increase to <strong>16 MT by 2030 and 26.7 MT by 2047<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Strategic interventions to achieve self-sufficiency in this sector:<\/strong>\n<ul>\n<li><strong>Crop retention and diversification.<\/strong><\/li>\n<li><strong>Horizontal expansion:<\/strong> This strategy seeks to bring more land under cultivation for specific oilseeds.<\/li>\n<li><strong>Vertical expansion: <\/strong>It focuses on enhancing the yield of existing oilseed cultivation. This can be achieved through improved farming practices, better-quality seeds, and advanced production technologies.<\/li>\n<li>Developing a <strong>dynamic trade policy<\/strong> for balanced growth.<\/li>\n<li>Broadening the scope of the <strong>National Mission on Edible Oils<\/strong>, etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<h3><strong>Q.1. What is the National Mission for Edible Oils &#8211; Oil Palm (NMEO-OP)?<\/strong><\/h3>\n<p>The Government of India launched the NMEO-OP in 2021 to escalate oil palm cultivation and elevate Crude Palm Oil production to 11.20 lakh tonnes by 2025-26.<\/p>\n<h3><strong>Q.2. How is the insufficiency in edible oil negatively impacting India?<\/strong><\/h3>\n<p>India is presently a net importer of edible oil, with 57% of the total edible oil being imported from various countries. The insufficiency in edible oil is negatively impacting India&#8217;s FOREX by 20.56 billion USD, making it more important for the nation to become self-sufficient in the production of edible oil.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/foreign-trade\/india-raises-import-tax-on-edible-oils\/printarticle\/113332802.cms\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>India raises import tax on edible oils<\/u><\/a><\/p>\n<p><a href=\"https:\/\/indianexpress.com\/article\/india\/edible-oils-import-duty-raises-onions-rice-farmers-msp-export-curbs-9568243\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>IE<\/u><\/a><\/p>\n<p><a href=\"https:\/\/www.niti.gov.in\/sites\/default\/files\/2024-08\/Pathways_and_Strategy_for_Accelerating_Growth_in_Edible_Oil_towards_Goal_of_Atmanirbharta_August%2028_Final_compressed.pdf\" target=\"_blank\" rel=\"nofollow noopener\"><u>NITI Aayog<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance issued a notification to increase import duty on edible oils from 0% to 20% in an attempt to support local oilseed farmers.<\/p>\n","protected":false},"author":5,"featured_media":42466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-42465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/42465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=42465"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/42465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/42466"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=42465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=42465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=42465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}