CosmicTaco

India Plans to Double Edible Oil Production

CosmicTaco · 2024-10-04T08:01:48.880588+05:30

- India has approved a $1.2 billion program to **double edible oil production** within seven years. - The aim is to reduce dependence on costly imports, as India currently fulfills nearly two-thirds of its demand through overseas purchases. - The program will increase oilseed productivity by promoting high-yielding, high-oil content varieties and expanding cultivation. - Advanced technologies like **genome editing** will be used to develop superior seeds. - The goal is to increase edible oil production from the current 12.7 million metric tons to 25.45 million tons by 2030-31. Source: [Reuters](https://www.reuters.com/markets/commodities/india-aims-double-edible-oil-output-trim-reliance-imports-2024-10-03/)

India has approved a $1.2 billion program to double edible oil production within seven years.
The aim is to reduce dependence on costly imports, as India currently fulfills nearly two-thirds of its demand through overseas purchases.
The program will increase oilseed productivity by promoting high-yielding, high-oil content varieties and expanding cultivation.
Advanced technologies like genome editing will be used to develop superior seeds.
The goal is to increase edible oil production from the current 12.7 million metric tons to 25.45 million tons by 2030-31.

Source: Reuters