Govt urged to ban export of coconut & groundnut seeds and meet oil demand

The Edible Oil Traders’ Association of India has urged the Union Government to ban the export of home-grown edible oil crops like coconut & groundnut seeds.

The traders suggest that the indigenous edible oil and seeds can cater upto 55% of the local demand and their production can be raised upto 80% with continuous upgradation towards crop management of the locally grown edible oil crops.

Presently a large part of the coconut crop and groundnut seeds (upto 50%) is being exported  and therefore India becomes net importer of edible oil (upto 70%).

Shankar Thakkar, president of the Edible Oil Traders’ Association of India, has said that the Union Government should ban such export as it would help in reducing the dependency on imported edible oil, after which upto 55%  of edible oil can be locally sourced against the present 30%.

“We are trying to convince the government to ban the export of the locally produced oil seeds and we hope the government would take appropriate decisions in this regard, as it would help in Atamnirbhar  Bharat mission,” said Thakkar.  

Meanwhile, the Government of India has already launched mission for increasing the edible oil production in India, which Thakkar feels will not lead India towards self-sustainability in edible oil production, as around Rs 11,000 crore were reserved for palm oil production while only Rs 6,000 crore were reserved for the Indian Oil Seed Mission.

“This strategy will not help India in long term. To make India self-sufficient in edible oil production, the Government has to focus on locally produced edible oil, like coconut, groundnut, cottonseed, mustard etc.,” said Thakkar.

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