-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...
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Time ripe for edible oil mission: Industry -Vishwanath Kulkarni
-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....
More »Radha Mohan Singh, Union Minister of Agriculture & Farmers Welfare, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line New Delhi: Raising farm income could well be the agenda for 2019 general elections and well aware of this is the Narendra Modi government, which is leaving no stone unturned to lure this vote bank. Navigating this agenda for the government is Radha Mohan Singh, Union Minister of Agriculture & Farmers Welfare. Aware of the challenges of the price sensitive market, Singh said, “agriculture markets cannot be...
More »Centre's emphasis on oilseed production may lower dependence on edible oil imports
-The Hindu Business Line Share of imports to reduce to 55% by FY22, says ICRA Ahmedabad: The Centre’s push for oilseeds production can potentially bring down India’s dependence on imports for edible oil. The share of imports in overall edible oil consumption may decline from 60 per cent at present to about 55 per cent by FY22, according to rating agency ICRA. The Centre’s National Mission on Oilseeds and Oil Palm (NMOOP) — to...
More »From plate to plough: Growth amidst gloom -Ashok Gulati
-The Indian Express Agriculture GDP bucks the trend of decline in other sectors. But can the government help the farmers sustain this growth? The first advanced estimates of GDP growth for the financial year 2016-2017 (FY17) show a marginal decline from 7.6 per cent last year to 7.1 per cent this year. Of the various sectors, gross value added at basic prices (2011-12), mining and quarrying is down from 7.4 per cent...
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