Oil Seeds and Edible Oil Business in India

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The Oil Seeds and Edible Oil Business in India is one of the important providers to the growth of the Indian economy. Edible oil is an important ingredient in the cooking. It is widely used as a cooking medium.

Oil Seeds and Edible Oil Business in India-Edible Oils

  • Groundnut oil
  • Sunflower oil
  • Corn oil
  • Mustard oil
  • Rapeseed oil
  • Soybean oil
  • Safflower oil
    • Lin seed oil
    • Sesame oil
    • Castor seed oil
    • Niger seed oil
    • Cottonseed oil
    • Coconut oil
    • Rice bran oil
    Oil Seeds and Edible Oil Business in India-Facts

    • India is one of the biggest cultivators of oil seeds in the world
    • The oil seed production in India is mostly saturated in southern and central districts
    • The oil seed cultivating states are Gujarat, Andhra Pradesh, Madhya Pradesh, Rajasthan, and Karnataka
    • The oil seed cultivation comprises of nine main oil seeds mustard or rapeseed, linseed, groundnut, safflower, sunflower, soybean, sesame, niger seed, and castorseed
    • The Coconut oil from coconut copra comes under the category of plantation crops
    • Groundnuts, mustard and soybean provides to almost 85% of the total oil seed cultivation in India
    Oil Seeds and Edible Oil Business in India-Production of oilseeds

    • Groundnut production in the 1997-98 was 8.90 in million tonnes
    • Lin seed production in the 1997-98 was 0.30 in million tonnes
    • Sesame seed production in the 1997-98 was 0.80 in million tonnes
    • Soybean production in the 1997-98 was 5.90 in million tonnes
    • Rape Seed production in the 1997-98 was 6.70 in million tonnes
    • Sunflower production in the 1997-98 was 1.50 in million tonnes
    • Niger seed production in the 1997-98 was 0.20 in million tonnes
    • Safflower production in the 1997-98 was 0.40 in million tonnes
    • Castor seed production in the 1997-98 was 0.08 in million tonnes
    Oil Seeds and Edible Oil Business in India-Exports

    • Groundnuts exported in the year 1998 was 80000 metric tonnes
    • Sesame seed exported in the year 1998 was 50000 metric tonnes
    Oil Seeds and Edible Oil Business in India-Imports

    • Though the production of oil seeds have increased, there is still a deficit in the domestic demand and supply of oil seeds
    • The domestic supply of oil seeds in India is more than 5 million tonnes whereas the demand is more than 10 million tonnes
    • The Central Government permits liberal import of oil seeds in order to avoid any scarcity
    • With the onset of the liberalization policy, the import policy pertaining to the edible oils was transformed
    • The import duty on edible oils used in the manufacturing of vanaspati was raised by 50%
    • The under performing vanaspati manufacturing units was not included in this revision
    • The duty was increased to 85% in case of the refined oils, apart from refined mustard oil and refined soybean oil
    • The Special Additional Duty (SAD) was imposed at a rate of 4% on the import of edible oils

    Last Updated on 19 May 2011