Note4Students
From UPSC perspective, the following things are important :
Prelims level: Edible Oil Trade in India
Why in the News?
- India has increased the basic import tax on crude and refined edible oils by 20% to protect domestic farmers suffering from low oilseed prices.
- The move could push up edible oil prices, reduce demand, and potentially lower imports of palm oil, soyoil, and sunflower oil.
Edible Oil Scenario in India
- India imports more than 70% of its vegetable oil demand, mainly sourcing:
- Palm oil from Indonesia, Malaysia, and Thailand, and
- Soyoil and sunflower oil from Argentina, Brazil, Russia, and Ukraine.
- Palm oil constitutes over 50% of India’s edible oil imports.
NITI Aayog Report on Edible Oil Self-sufficiency: Key Highlights
NITI Aayog, along with the Ministry of Agriculture and other stakeholders, released a report titled “Pathways and Strategies for Accelerating Growth in Edible Oils Towards the Goal of Atmanirbharta.”
| Details | |
| Consumption Details | India consumes 19.7 kg/year per capita edible oil, with 16.5 million tonnes of imports in 2022-23; only 40-45% of demand met through domestic production. |
| Projections |
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| Strategic Interventions |
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| Self-sufficiency Targets |
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| Key Recommendations | Focus on seed quality, modern processing infrastructure, and public-private partnerships for growth |
| PYQ:
[2018] Consider the following statements 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all imported edible oils a special case. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 |
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