Edible oil Subject: Economy Section   External Sector Context: A ban on crude palm oil could have impacted India much more as India meets 85% of its requirement of crude palm oil via imports, and the bulk of the imports are from Indonesia and Malaysia. Details: India’s vegetable oil economy is the world’s fourth […]

    Edible Oil Subject – Geography / Environment Context – Edible oil prices likely to ease by December: official Concept – Current situation India’s import bill of edible oils will top ₹1.20-lakh crore this year from ₹75,000 crore last year. According to SEA, the country has 3 lakh hectares of land under oil palm cultivation, producing around 2.80 lakh tonnes of […]