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LATEST NEWS UPDATES | Why do edible oil woes persist? -A Narayanamoorthy

Why do edible oil woes persist? -A Narayanamoorthy

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published Published on Sep 15, 2021   modified Modified on Sep 17, 2021

-The Hindu Business Line

Apart from endemic policy concerns, the promotion of palm oil has downsides

The edible oilseed production has occupied centre-stage in the discourse on Indian agriculture after Prime Minister Narendra Modi’s recent announcement of the 11,040-crore National Mission on Edible Oil-Oil Palm (NMEO-OP), to have self-sufficiency in edible oils, particularly palm oil.

There are two reasons for this announcement. First, the recent skyrocketing of edible oil prices has irked the government. And, second, the government, understandably, does not want to spend foreign exchange worth 60,000-70,000 crore annually for importing edible oils. 

Please click here to read more. 


The Hindu Business Line, 15 September, 2021, https://www.thehindubusinessline.com/opinion/why-do-edible-oil-woes-persist/article36481237.ece


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