{"id":1297,"date":"2019-11-12T18:44:44","date_gmt":"2019-11-12T13:14:44","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=1297"},"modified":"2019-11-12T18:44:45","modified_gmt":"2019-11-12T13:14:45","slug":"government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/","title":{"rendered":"Government Plans Zero Edible Oil Import Policy Directs Agriculture Ministry"},"content":{"rendered":"\n<p>Indian Government plans zero edible oil import policy in the coming years. Government directed Agriculture Ministry to prepare plan for the same. Keeping in mind the welfare of domestic producers, the government raised customs duty on the import of refined palm oil from <a href=\"https:\/\/www.grainmart.in\/news\/vegetable-oil-trade-body-urges-importers-to-boycott-malaysian-palm-oil\/\">Malaysia<\/a> by 5% (From 45% to 50%). Following the reports of increased import of edible oil, released by Directorate General of Trade Remedies (DGTR). The report by DGFT confirmed an increase of Palm Oil Import from Malaysia by 727% . The government raised the custom duty to rectify the same.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Import of Palm Oil<\/strong><\/h5>\n\n\n\n<p>India spends over Rs. 70,000 crores to import about 15 million tonnes of edible oil making it one of the biggest buyers of edible oil. India requires an estimate of over 25 million tonnes to meet its annual requirement. Mainly <a href=\"https:\/\/www.grainmart.in\/news\/indonesia-to-start-importing-rice-and-sugar-from-india\/\">Indonesia <\/a>and Malaysia export edible oil to India. Further, import of edible oil from Malaysia comes under the <a href=\"https:\/\/commerce.gov.in\/trade\/ASEAN-India%20Trade%20in%20Goods%20Agreement.pdf\">India-Malaysia Free Trade Agreement<\/a>. Since 2018, imports have increased from 626,362 million tonnes to 2,596,225 million tonnes.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Plam-oil-pantation-banting-Malaysia-1024x575.jpg\" alt=\"\" class=\"wp-image-1299\" width=\"498\" height=\"279\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Plam-oil-pantation-banting-Malaysia-1024x575.jpg 1024w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Plam-oil-pantation-banting-Malaysia-300x168.jpg 300w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Plam-oil-pantation-banting-Malaysia-768x431.jpg 768w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Plam-oil-pantation-banting-Malaysia.jpg 2048w\" sizes=\"(max-width: 498px) 100vw, 498px\" \/><figcaption>Palm Trees Plantation in Banting Malaysia<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Imports Affecting Domestic Producers<\/strong><\/h5>\n\n\n\n<p> India recently witnessed a surge in import of edible oil especially palm oil. Domestic producers import palm oil to blend with their existing oils to bring down the cost of production. The edible oil domestic industry is suffering from gross under utilization of production capacities. Majorly due to low availability of raw material as oil seeds cultivation in India is low.  <\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Urging to Increase Production of Edible Oil<\/strong><\/h5>\n\n\n\n<p>After attaining positive results in the production of pulses, now the government is focusing to increase production in oil seeds cultivation. This step might help reduce the India&#8217;s edible oil imports. In addition, if the government is successful this might help in cutting down the edible oil import bill which is over Rs 60,000 crores per year. Government plans to increase production, expand cultivation and give incentives to farmers to cultivate oil seeds.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>The Zero Edible Oil Import Policy<\/strong><\/h5>\n\n\n\n<p>In the government&#8217;s aim to double farmer\u2019s income, the Zero Edible Oil Import policy is possibly a major step taken in the right direction. Government plans to achieve self-sufficiency in oil seeds production by 2030. The strategy must consist of all the sources of oils and their production strategy to attain the efficacy. However, a fine equipoise must be maintained between domestic productions and import to have an economic poise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government plans zero edible oil import policy in the coming years.  To control import increases import duty on malaysian palm oil by 5%<\/p>\n","protected":false},"author":12,"featured_media":1302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4753,4869,4752,4868,4870,4874,4872,4873,4867,1673,4871],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government Plans Zero Edible Oil Import Policy Directs Agriculture Ministry<\/title>\n<meta name=\"description\" content=\"Government plans zero edible oil import policy in the coming years. To control import increases import duty on malaysian palm oil by 5%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Plans Zero Edible Oil Import Policy Directs Agriculture Ministry\" \/>\n<meta property=\"og:description\" content=\"Government plans zero edible oil import policy in the coming years. To control import increases import duty on malaysian palm oil by 5%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-12T13:14:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-12T13:14:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Olive-Oil-e1573561950336.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hima Bindhu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hima Bindhu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\"},\"author\":{\"name\":\"Hima Bindhu\",\"@id\":\"https:\/\/www.grainmart.in\/news\/#\/schema\/person\/d78401cc38635346a799bc6f3e37ed36\"},\"headline\":\"Government Plans Zero Edible Oil Import Policy Directs Agriculture Ministry\",\"datePublished\":\"2019-11-12T13:14:44+00:00\",\"dateModified\":\"2019-11-12T13:14:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\"},\"wordCount\":397,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Olive-Oil-e1573561950336.jpg\",\"keywords\":[\"DGFT\",\"DGTR\",\"Directorate general of Foreign Trade\",\"Directorate General of Trade Remedies\",\"edible oil\",\"edible oil production\",\"india import edible oil\",\"india malaysia free trade agreement\",\"malaysia palm oil\",\"palm oil\",\"zero edible oil import policy\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\",\"url\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/\",\"name\":\"Government Plans Zero Edible Oil Import Policy Directs Agriculture Ministry\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/government-plans-zero-edible-oil-import-policy-directs-agriculture-ministry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/11\/Olive-Oil-e1573561950336.jpg\",\"datePublished\":\"2019-11-12T13:14:44+00:00\",\"dateModified\":\"2019-11-12T13:14:45+00:00\",\"description\":\"Government plans zero edible oil import policy in the coming years. 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