HomeNewsVideosBusinessMarketsIndia's 1st oil palm processing unit starts operations in Arunachal Pradesh | India’s palm oil imports drop

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India's 1st oil palm processing unit starts operations in Arunachal Pradesh | India’s palm oil imports drop

India opens its first oil palm processing unit in Arunachal Pradesh. This achievement follows the launch of the National Mission for Edible Oils - Palm Oil in August 2021, aiming to produce 11.20 lakh tons of palm oil by 2025-26. With India importing 57% of its total edible oil needs, this initiative marks a significant step towards self-sufficiency. Despite global palm oil prices hitting a one-year high, India's palm oil imports in February saw a notable decline of 36%, the lowest since May 2023, showcasing progress towards domestic production and reduced dependency on imports. Catch Commodities Corner with Manisha Gupta and Atul Chaturvedi, Chairman of Asia Palm oil Alliance.

Moneycontrol News

TAGS: #Commodities #live #palm oil

first published: Mar 18, 2024 01:30 pm

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