Considering India¡¯s role as a super-consumer of palm oil, it is also apparent that the reduction of imports following the development of domestic production would have high beneficial effects far beyond the country boundaries, possibly lowering the pressure on fragile habitats all over the tropics.
Is the oil palm industry growing in India?
Updated – December 17, 2022 at 03:27 PM. As edible oil consumption and demand are ever-increasing, the oil palm industry in India has emerged as a sector of growth with positive returns for growers and processing companies. The rural economy in the oil palm operating zones across various states has also improved.
What is the import value of palm oil in India?
In 2020, the import value of palm oil reached USD 5.12 billion. To counter India¡¯s reliance on other palm oil producing countries and to address the issue of non-employment among the vast Indian population, the Indian government launched the National Mission on Edible Oils ¨C Oil Palm (NMEO-OP) in August 2021.
Can India be a key country for sustainable palm oil production?
Increasing the domestic production of palm oil is exciting ground for businesses and other stakeholders, presenting an important opportunity to position India as a key country for the sustainable production of palm oil. Championing sustainability in India