While growing more oilseeds is one part of the solution to reducing import dependence, lowering consumption is another one that deserves to be explored as well
Oilseed crops have been planted on about 17.17 million hectares (42.4 million acres), up 3.8% from a year earlier, according to a statement from the farm ministry on Friday. India is the world’s top importer of edible oils.
The government needs to think of innovative supply-side solutions, but perhaps also encourage people to consume less edible oil from the health standpoint
India is the world's biggest importer of edible oils such as palm oil, soyoil and sunflower oil.
The central teams have been deputed to conduct surprise inspection of stocks of edible oils and oilseeds held by retailers, wholesalers, big chain retailers and processors in major oilseed producing and consuming states.
On October 10, the Centre had imposed stock limits on traders of edible oils and oilseeds, barring certain importers and exporters, till March 31, in a bid to control domestic prices and provide relief to consumers.
We need to implement long-term solutions to increase edible oil and pulses production
The procurement is undertaken by nodal agencies like Nafed at minimum support price (MSP). Only fair average quality commodity is purchased.
"The policy of our government is that consumers should get edible oils at the right price, while interests of oilseed-producing farmers should also be protected. So the government will carry out a study on how much the import duty on edible oils should be increased so that farmers get a price higher than the minimum support price (MSP)," he said.
The country imports over 5 million tonnes of pulses and about 14.5 million tonnes of vegetable oils (comprising edible and non-edible oils) every year to meet domestic demand.
Storehouses are overflowing with commodities such as lentils and soybeans after waves of farmers answered Prime Minister Narendra Modi's call last summer to ramp up local production to cut a hefty import bill, driving prices sharply lower.
The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 175.5 points in February, up 0.5 percent on January levels.
The MoU was signed here between state agriculture department and Ruchi Soya Industries, to cover an area of 5,000 hectare initially in the foothill areas of West Siang, Lower Subansiri, Papumpare and East Kameng districts, an official statement said today.
The Cabinet is likely to consider tomorrow a proposal to extend stock holding limits on traders of pulses, edible oils and oilseeds for one more year to check hoarding and control price rise.
Sowing of pulses has gone up by 33 per cent to 130.17 lakh hectares so far in the ongoing kharif season on good monsoon and increase in market price.
The government expects pulse production to increase to 20 million tonnes in the 2016-17 crop year (July-June) from 16.47 million tonnes in the previous year and that would help it to control the high retail prices.
India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.
India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.
A sharp decline in domestic oilseeds output and crushing has encouraged edible oil imports, while discouraging exports of oilmeal, it said. In fact, export of oilmeal -- used as animal feed -- has dropped by 85 percent to 59,818 tonnes in December 2015, as against 4,10,178 tonnes in the year-ago period, it added.
Out of the 36 meteorological sub-divisions, 25 sub-divisions that account for three-fourth of the total planted area have received deficient to scanty rains as of mid- December. Soil moisture conditions have left much to be desired in northwest and central parts of the country, essentially the country‘s ‘breadbasket‘
The June-September monsoon rains determine farmers' earnings as more than half of farm land lacks irrigation.
Aiming to make the country self- sufficient, Prime Minister Narendra Modi on Saturday called for tetrad revolutions of green, saffron, white and blue to boost production in agriculture, power, dairy and fishery sector.
Heavy rains over most parts of central and western regions pushed the downpours to be 17 percent above average in the past week, after a flat average in the previous week.
The agriculture commissioner J S Sandhu said that the current rains will improve the sowing of all the kharif crops and the total production might exceed the previous records.
Sharekhan has come out with its report on agri commodities. According to the research firm oilseed is likely to remain range bound.