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06/08/2022 - Agriculture

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August 06, 2022

India is moving towards self-reliance in edible oils. Do you agree with this view? Comment (200 Words)

Refer - Business Line

Enrich the answer from other sources, if the question demands.

5 comments
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IAS Parliament 2 days

KEY POINTS

·        India is the second largest edible oil market in the world. It consumes, on an average, 21 million tonnes (mt) of edible oil each year, of which, 7-8 mt are produced locally.

·        The industry battled with price volatility and increased working capital requirements, while keeping the plants running with paltry supply from alternative origins.

·        The topmost priority should be to finalise win-win agreements with countries and trade blocs that can grow as alternative supply sources  for instance, Malaysia for palm oil and Mercosur nations for soyabean and sunflower oils.

·        With 10-12 per cent of the projected 2030 imports taken care through the Oil Palm Mission, the possibilities of augmenting local supply through other high oil-yielding oilseeds must be studied.

·        Mustard is one of those which has the potential to grow, both in terms of demand and supply.

·        There is enough headroom for acreage expansion as mustard currently accounts for about 10 per cent of the rabi crop acreage.

·        To accelerate the process, planting of genetically modified mustard seed developed in India by our scientists must be allowed.

·        This will give an immediate fillip to its adoption and yields, boosting farmers’ income and triggering increased acreage and production.

 

 

Tapasvi 11 days

Kindly review

IAS Parliament 10 days

Good attempt. Keep Writing.

Aravind R 11 days

Kindly review this mam/sir

IAS Parliament 10 days

Good attempt. Keep Writing.

Meenu Vijayan 11 days

thanku sir for your suggestions.kindly review

IAS Parliament 10 days

Try to bring coherence in the answer and include data to support your answer. Keep Writing.

Pooja 12 days

Please review 

IAS Parliament 10 days

Try to mention specifically about the kind of inflation with data and what the geo-political situation. Keep Writing.

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