Will India’s palm oil production triple in 6 years?
India’s palm oil production is likely to triple in six years as the area under oil palm plantations increases and as plantations become mature for harvesting, a senior industry official said on Friday. The world’s biggest edible oil importer relies on Indonesia, Malaysia and Thailand for palm oil supplies.
How big is India’s palm oil production?
India’s palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, said Sougata Niyogi, chief executive officer of the oil palm plantation division at India’s biggest palm oil producer, Godrej Agrovet Ltd.
How much palm oil does India import?
India currently imports around 16 million tons of vegetable oils per annum, including 9 to 10 million tons of palm oil, mainly from Indonesia, Malaysia and Thailand. Godrej Agrovet expects its palm oil production to double to 250,000 tons by 2030-31, Niyogi said.
Will Mission palm oil make India aatmanirbhar?
“Mission Palm Oil will make India Aatmanirbhar in the edible oil sector and boost the income of farmers,” the Prime Minister said, expressing gratitude towards the farmers for taking up palm cultivation. The Government of India launched the National Mission for Edible Oils – Oil Palm (NMEO-OP) in August 2021.
How much will India pay for palm oil harvesting tools?
The mission is also providing Rs 2,90,000 for the purchase of harvesting tools to farmers for palm oil cultivation. The Government of India will pay a differential of 2% on the CPO price to farmers considering the tough and difficult terrain of NER.
What is a palm oil press machine?
Palm Oil Press Station: Separate palm fruit and kernel, and Palm Oil Press Machine can obtain CPO (crude palm oil) and palm kernel. The adoption of double screw and hydraulic oil press machine can greatly improving working efficiency during palm oil processing.