(The Gist of PIB) Buying of Palm Oil from Malaysia  [FEBRUARY-2020]

(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