AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityOilseeds, oil-palm
Date01/08/2021
Policy CategoryProduction
Policy InstrumentProduction support
DescriptionAs part of efforts to reduce the countrys dependence on vegetable oil imports, launched an INR 110 billion (USD 1.48 billion) plan the National Mission on Oilseeds and Oil Palm to enhance local oilseed and palm oil production and productivity. Reportedly, under the programme, farmers would be provided with high-quality seeds, farming tools, inputs, targeted infrastructure, extension and training. Specifically, Indias area under oil-palm cultivation was estimated to expand to 1 million hectares (ha) by 2030 from the current 350 000 ha, due to crop-specific support measures, including price guarantee schemes.
