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Is the lack of processing facilities affecting India’s palm oil expansion plans?
A report published in 2020 by the Indian Institute of Oil Palm Research (IIPOR), which advised the government on its palm oil expansion plans, also notes the ¡°negative impact¡± of the lack of processing facilities in certain oil palm growing states and recommends the ¡°timely establishment¡± of new processing units.
Why is palm oil important to India’s food security?
Palm oil has become essential to India¡¯s food security in the past three decades, replacing other edible oils such as groundnut. About 90% of the 8.5 million tonnes of palm oil consumed in India is used in food or as cooking oil.
How much palm oil does India eat?
About 90% of the 8.5 million tonnes of palm oil consumed in India is used in food or as cooking oil. Today, India is the world¡¯s second-largest consumer of palm oil after Indonesia, with one crucial difference: Indonesia produces most of the palm oil it consumes, while India produces nearly none.
Is Malaysia optimistic about palm oil exports to India?
Get them on our Telegram channel Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries.