NATIONAL MISSION ON EDIBLE OILS- OIL PALM (NMEO-OP)
Background: Edible oil crisis in India On an average, the annual demand in India is 24 million tonnes of edible oils While production of oils like palm oils, mustard oils, soybean oils, groundnut oils and sunflower oils are in India is only 8 to 11 million tonnes annually. India imports 13.35 million tonnes ( 133.50 lakh tonnes) oils costing 80 thousands crores. To meet this demand Government of I ndia imports 60% of its oil demand from foreign countries. It means India's edible oils dependency is more than how much it produce. To reduce this dependency government planning to distribute free of cost soybean and palm oils seeds for boosting oil seeds production. Whenever prices of oils in international market increases the oil prices goes high immediately in India and leads to inflation. Now India looking for green revolution for oils prodution. India is the world's biggest cooking oil importer over the past two decades because: population has increas...