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LATEST NEWS UPDATES | Time ripe for edible oil mission: Industry -Vishwanath Kulkarni

Time ripe for edible oil mission: Industry -Vishwanath Kulkarni

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published Published on May 7, 2020   modified Modified on May 8, 2020

-The Hindu Business Line

Trade body says government should focus on boosting oilseeds output for self-sufficiency

Bengaluru: As demand takes a beating and imports slump amidst a bearish price trend, the edible oil sector feels the Centre should launch the national mission on edible oilseeds to boost domestic production and achieve self-sufficiency.

India depends on imports to meet about 70 per cent of its edible oil requirement, estimated at around 23 million tonnes. The edible oil import bill hovers around a whopping $11 billion.

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The Hindu Business Line, 7 May, 2020, https://www.thehindubusinessline.com/economy/agri-business/time-ripe-for-edible-oil-mission-industry/article31528630.ece?homepage=true


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