(The Gist of PIB) Buying of Palm Oil from Malaysia

Buying of Palm Oil from Malaysia

• The major challenges in oilseed production are largely rain-fed conditions (70% area), high seed cost (Groundnut and Soybean), small holding with limited resources, low seed replacement rate and low productivity.

Key benefits:

• The following action point will be initiated for increasing production and productivity of oilseeds and promotion of Secondary Sources of Edible oils:
• Increasing seed replacement rate and varietal replacement rate
• Promotion of oilseed in rice fallow/ potato areas
• Promotion of oilseeds through intercropping
• Extending oilseed cultivation in nontraditional area
• Targeting 100 low productivity districts
• Crop diversification in different reasons
• Promotion of community based oil extraction unit
• Value addition and promotion of export
• Promotion of rice bran and cottonseed oil
• Consumer awareness for judicious consumption of oils for good health

Strategies of the following output:

• The above strategies will deliberate the following output by the end of 2024-25:
• Oilseed production will be increased from 30.88 to 47.80 million tonnes
• Productivity will be increase from 1263 to 1587 kg per ha
• Reduction in import dependence from 60% to 45%
• Edible oil production will be 18.00 million tonne from 10.50 million tonnes.

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Courtesy: PIB