-The Tribune 70% India imports almost three-fourths of its annual domestic consumption of edible oils KHARIF harvesting operations are going to begin soon. Agricultural production is likely to surpass last year’s record production by 7-8%. The higher production inevitably puts downward pressure on market prices. The problem of low harvest prices has been compounded by the steep fall in the GDP growth rate in the first quarter of 2020-21; it will reduce...

-TheWire.in While self-sufficiency has been baked into how India has historically looked at the agriculture sector, long-term planning is the need of the hour. In his address to the nation on May 12, 2020, the Prime Minister gave a call for Atmanirbhar Bharat Abhiyan. He said that the state of the world today teaches us that an Atmanirbhar Bharat is the only path and our scriptures mention eshah panthah, self-sufficient India. For agriculture,...

-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....

-PTI * Mahathir said Malaysia may now need to find another solution after the boycott of its palm oil by Indian palm oil refiners and traders * India, the world's largest importer of vegetable oils, buys nearly 15 million tonnes annually KUALA LUMPUR: With India restricting the import of refined palm oil that has hit Malaysia, Prime Minister Mahathir Mohamad on Tuesday said he was concerned about it but that would not stop...

-Livemint.com If crude oil prices surge on tensions in West Asia, our import bill could soar India’s December trade figures deepen concerns about the health of our economy. Official figures show that merchandise exports dipped 1.8% from a year earlier to $27.36 billion, marking the fifth straight month of decline. A consolation is that imports fell by a larger 8.8%, helping narrow the trade deficit. But the relief could be temporary. If...