ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Edible OilSubscribe to Edible Oil

Burgeoning Edible Oil Imports and Price Shock(s)

The ever-increasing import bill of edible oil has become a chronic problem for India with edible oil being the third largest among imported goods in India, next only to crude oil and gold. There are structural issues in production, productivity, and trade of edible oils. These energy-rich crops are grown in energy-starved conditions where more than 70% of the area under cultivation is rain-fed and often cultivated with low-quality seeds in a fragmented landholding and outdated agri-management practices. It further studies the trade liberalisation measures of a liberal trade policy regime, lower import duties, duty-exemptions under free trade agreements, and changes that India has witnessed in consumption as well as retail of edible oil.

Edible Oil Consumption

In India, edible oils are a significant source of essential fats. However, fat intake is almost absent among the rural poor, for whom edible oils are largely unaffordable. Edible oil consumption should be encouraged among the rural poor by supply via PDS at low cost. Steps to boost cultivation and lower the cost of production and import will also help to meet requirements.
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