The market for edible oils in Zambia, of which palm oil is one component, is estimated at 120,000 tonnes per year, and this is expected to continuing growing as the country develops further. More than half of Zambia¡¯s edible oil consumption is imported from the Far East, East Africa and South Africa.
What is sea mission on edible oil (oilseeds)?
The Solvent Extractors¡¯ Association of India (SEA) has welcomed the approval of the National Mission on Edible Oil (Oilseeds). Congratulating the government for this decision, Sanjeev Asthana, President of SEA, said this mission is expected to elevate domestic edible oil production to over 25 million tonnes (mt) by 2030-31.
How much 10 103 crore will be allocated for oil ¨C oilseeds?
¡°We are happy to note that the Union Cabinet has approved long-standing demand of industry and decided the allocation of ?10,103 crore for the National Mission on Edible Oils ¨C Oilseeds,¡± he said, adding, this initiative, which is set to span over the next six years, aims to boost the production of oilseed crops to 69.7 mt by 2030-31.