MARKET DEVELOPMENT
A roadmap for oil palm development in India
A roadmap for oil palm development in India
20.02.2022 (www.thehindubusinessline.com) - The Centre should follow a cluster approach everywhere
Due to the ever-increasing demand of edible oils caused by the increased consumption of high-value value food products, there is an unprecedented opportunity of improving the farmer’s income. Moreover, India has been importing edible oils and its derivatives annually worth ₹70,000 crore or more. The government of India has introduced the new Mission under The National Mission on Edible Oils - Oil Palm (NMEO-OP) rightly about six months ago for domestic oil seeds and oil palm, with the objective of encouraging domestic oilseeds production and oil palm cultivation across India. Farmers need to shift their traditional crops of low value and yield to a higher value-added crop, like oil palm.