Markets and trade
 

Detail

Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Oilcrops
Date
01/11/2019
Policy Category
Production
Policy Instrument
Sector development measures
Description
Extended the geographical coverage of a federal programme promoting the cultivation of oilcrops (including oil-palm) in rice fallow areas, in a bid to lift the country\'s level of self-sufficiency in edible oil production.
Notes
Sector development measures – India (oilcrops): With a view to help reduce the country’s dependence on edible oil imports, India’s Central Government decided to extend a programme promoting the cultivation of oilcrops (including oil palm) and pulses in rice fallow areas to six additional states, taking the number of states participating in the intercropping scheme to twelve. On a related note, the Government is working on a road map for India to attain self-sufficiency in edible oil production. Reportedly, to fund a series of sector development initiatives, the inter-ministerial working group set up to launch a nationwide oilseed mission is considering to levy a 2–10% cess on the country’s crude/refined edible oil imports.