Cabinet nod for Rs 11,040 cr mission to boost oil palm farming
3 years, 4 months ago

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming

India Today  

The Cabinet approved the National Mission on Edible Oils Oil Palm with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. Agriculture Minister Narendra Singh Tomar said the new scheme aims to cover oil palm in an additional area of 6.5 lakh hectare by 2025-26 and thereby reaching the target of 10 lakh hectares. Stating that the new scheme addresses several challenges faced by farmers, the minister said oil palm cultivation has been happening in the last few years and is being undertaken in 12 states at present. Its share is 56 per cent in total edible oil imports at present," Tomar said the new scheme aims to reduce dependency on imports. The new scheme will immensely benefit the oil palm farmers, increase capital investment, create employment generation, shall reduce the import dependence and also increase the income of the farmers, he added.

India Oil Farmers Price Cabinet Lakh Cultivation Scheme Palm Viability Assistance Tomar Cpo Oil Palm Oil Palm Cultivation Nmeo  cr  cabinet  mission  nod  cultivation  rs  viability  farming  palm  scheme  oil  assistance  farmers  price  boost  lakh  11040

History of this topic

Palm oil needs an image overhaul: It’ll be good for India
5 days, 14 hours ago

Palm oil needs an image overhaul: It’ll be good for India

Live Mint  

Brands are omnipresent in our lives, from our kitchen shelves and closets to the gadgets held in our hands and what’s sitting in our garages. In Malaysia, a major exporter, palm-oil corporations have taken action towards sustainable farming, with 83% of palm oil refining capacities operating under a ‘No Deforestation, Peat and Exploitation’ commitment. In 2023-24, India imported approximately ₹80,000 …

Malaysia Embraces Sustainable Palm Oil Trade to Counter EU Environmental Regulations
2 months ago

Malaysia Embraces Sustainable Palm Oil Trade to Counter EU Environmental Regulations

The Hindu  

Malaysia is seeking new markets for its palm oil to diversify its economy and address criticism from Western markets over dwindling populations of orangutans, tigers and elephants. The country is committed to protecting the biodiversity in the country and is embracing sustainable practices to meet global standards.

In India’s Assam, ‘hopes dashed’ for high returns on oil palm production
4 months, 3 weeks ago

In India’s Assam, ‘hopes dashed’ for high returns on oil palm production

Al Jazeera  

Jorhat, India: Priya Ram Duwarah has planted 60 oil palm seedlings in his half-hectare of agricultural land at Mohara village in Jorhat district in the northeast Indian state of Assam. The 65-year-old farmer, who typically grows paddy and seasonal vegetables, stepped into oil palm planting last September after being assured of high returns by the officials of the state agriculture …

If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister
5 months ago

If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister

The Hindu  

India and Malaysia have decided to increase bilateral cooperation in the field of edible oil, especially the cultivation of oil palm, and the production and trade of palm oil. This edible oil is very versatile,” Mr. Ghani said adding that India imports three million tonnes of palm oil from Malaysia. “Malaysia contributes three million metric tonnes of palm oil out …

A study finds Indonesia’s deforested land is often left idle. But some see potential in that
5 months, 2 weeks ago

A study finds Indonesia’s deforested land is often left idle. But some see potential in that

Associated Press  

JAKARTA, Indonesia — Years after being felled, vast swathes of Indonesia’s old-growth forests are left sitting idle. And when the land is finally put to use, it’s most often for new palm oil plantations, according to a study published in the Proceedings of the National Academy of Sciences. While 8.8 million hectares of Indonesia’s deforested lands remain vacant, 7.8 million …

A study finds Indonesia's deforested land is often left idle. But some see potential in that
5 months, 2 weeks ago

A study finds Indonesia's deforested land is often left idle. But some see potential in that

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. And when the land is finally put to use, …

Telangana: Plan for Oil Palm in Forest Podu Land Gets Fresh Push
7 months ago

Telangana: Plan for Oil Palm in Forest Podu Land Gets Fresh Push

Deccan Chronicle  

Hyderabad: A renewed push to encourage oil palm plantations in Podu patta lands in the forests — for which the state forest department has “requested” its district officials to “without fail” permit farmers for taking up various types of crops, drill bore wells and ensure electricity supply to operate them — is set to threaten the natural forest ecosystems. Despite …

Growers Seek From Centre Remunerative Price for Oil Palm
1 year ago

Growers Seek From Centre Remunerative Price for Oil Palm

Deccan Chronicle  

Vijayawada: AP Oil Palm Farmers’ Welfare Association sought from union finance minister Nirmala Sitharaman a remunerative price of Rs.18,000 per tonne of oil palm. Association general secretary Dr. K. Kranthi Kumar Reddy, president Bobba Veera Raghava Rao and other leaders, accompanied by BJP AP president Daggubati Purandeswari, submitted a memorandum to Nirmala Sitharaman in Vijayawada demanding re-imposition of import duties …

Why Meghalaya plans to stay away from Palm Oil plantations
1 year, 3 months ago

Why Meghalaya plans to stay away from Palm Oil plantations

Hindustan Times  

New Delhi: Meghalaya is likely to oppose palm oil plantations. James K Sangma, National People’s Party leader and chairman of the Meghalaya Industries Development Corporation, and Mazel Ampareen Lyngdoh, the state’s agriculture and health minister, have opposed the recent drive to boost oil palm plantations. “I understand the national mandate for the palm oil push, but I have historically opposed …

The push for oil palm plantations raises concerns in India’s north-eastern region
1 year, 6 months ago

The push for oil palm plantations raises concerns in India’s north-eastern region

The Hindu  

Published : Jun 02, 2023 16:17 IST - 3 MINS READ In 2021, the Union Cabinet allocated Rs.11,040 crore for the National Mission on Edible Oils—Oil Palm, with a focus on India’s north-eastern States and the Andaman and Nicobar Islands. The three companies involved with oil palm plantations in Mizoram—Godrej, 3F, and Patanjali’s Ruchi Soya—face no accountability for the failure. …

India’s palm oil plans fail to account for climate change
1 year, 7 months ago

India’s palm oil plans fail to account for climate change

The Hindu  

India’s ambitious drive to expand domestic palm oil production fails to consider the subcontinent’s changing climate, analysis shows. “The plan looks at water requirements for irrigation, rainfall, temperature and relative humidity, also keeping in mind that palm oil production should not disturb forest cover nor local flora and fauna.” Only areas with adequate humidity and water availability have been earmarked …

Farmers in Nagaland reluctant to grow oil palm because no one is buying
1 year, 9 months ago

Farmers in Nagaland reluctant to grow oil palm because no one is buying

The Hindu  

Published : Mar 23, 2023 10:45 IST - 7 MINS READ Tsenchamo Mozhui, a resident of Ruchan village in Nagaland’s Wokha district bordering Assam, has had oil palm trees growing in his backyard for the last eight years. The first zone has been assigned to Godrej Agrovet and the second to Patanjali.” Oil palm requires evenly distributed minimum rainfall of …

India's palm oil imports could jump to 4-year high on lower prices
1 year, 9 months ago

India's palm oil imports could jump to 4-year high on lower prices

The Hindu  

India’s palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to COVID-led lockdowns, a senior industry official told Reuters on Tuesday. India’s palm oil imports in the first four months of the 2022/23 marketing year that started on Nov. 1 jumped …

Kishan Reddy ridicules TS’s claims on subsidies for oil palm cultivation
2 years ago

Kishan Reddy ridicules TS’s claims on subsidies for oil palm cultivation

Deccan Chronicle  

HYDERABAD: The state government and members of Chief Minister K. Chandrashekar Rao’s family were making false claims on how the government was providing subsidies and facilitating cultivation of oil palm plantations, Union minister G. Kishan Reddy alleged on Thursday. Reddy said the recent claim by finance minister T. Harish Rao that they were providing Rs 1 lakh per acre as …

Oil Palm cultivation facing odds, farmers seek remunerative price
2 years, 1 month ago

Oil Palm cultivation facing odds, farmers seek remunerative price

Deccan Chronicle  

VISHAKHAPATNAM: Oil palm farmers in Andhra Pradesh are unwilling to continue the cultivation due to poor prices and are requesting the government to provide Rs 20,000 per tonne as remunerative price against the present Rs 10,000. Oil palm farmers met chief minister Jagan Mohan Reddy, Union ministers Narendra Singh Tomar and higher central officials and got a “simple relief of …

Palm surges nearly 6% on higher soyoil prices, strong India demand
2 years, 3 months ago

Palm surges nearly 6% on higher soyoil prices, strong India demand

Live Mint  

Malaysian palm oil futures rose nearly 6% on Tuesday, tracking gains in rival soyoil on bleak forecast for US soybean harvest, while strong demand from key buyer India provided an added boost. India's palm oil imports in August jumped 87% from a month ago to the highest level in 11 months as a sharp drop in prices prompted refiners to …

Telangana bets big on oil palm to cut $19 billion vegetable oil imports
2 years, 4 months ago

Telangana bets big on oil palm to cut $19 billion vegetable oil imports

Live Mint  

Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades. For years, price volatility, water scarcity and a gestation period of nearly four years limited oil palm plantation in India …

Palm cultivators demand share of kernel oil profits
2 years, 4 months ago

Palm cultivators demand share of kernel oil profits

Deccan Chronicle  

Kothagudem: Palm cultivators in Khammam and Bhadradri-Kothagudem districts are seeking a share of profits from the production and sale of palm kernel oil, along the lines of the ratio of investments between farmers and TSOILFED. Farmers said that there is a huge demand for palm kernel oil in the international market as it is used in making cosmetic products as …

India’s July palm oil imports may surge to 10-month high as prices plunge
2 years, 5 months ago

India’s July palm oil imports may surge to 10-month high as prices plunge

Live Mint  

India's palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters. Higher purchases by India, the world's biggest importer of vegetable oils, may add support for Malaysian palm oil prices, which are trading near …

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts
2 years, 6 months ago

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts

The Hindu  

The oil palm mission started by the Centre in 2020-21 has started gaining traction particularly after the edible oil import was hit due to the Russia-Ukraine war. Experts suggest that Karnataka should revive the mission as it has a conducive environment for oil palm cultivation which can also contribute to increasing farmers’ incomes. According to the committee’s report, an area …

India’s palm oil imports could fall to 11-yr low
2 years, 6 months ago

India’s palm oil imports could fall to 11-yr low

Live Mint  

India's palm oil imports could fall 19% to the lowest level in 11-years as soyoil, now cheaper, takes more market share because of Indonesia's curbs on palm oil exports and New Delhi's move to allow duty-free imports of soyoil, dealers said. Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices …

Indonesian farmers decry palm oil export ban as prices plummet
2 years, 7 months ago

Indonesian farmers decry palm oil export ban as prices plummet

Al Jazeera  

Medan, Indonesia – Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Valens Andi, head of the Farmers’ Hope Oil Palm Plantation Cooperative, West Kalimantan: It is getting more and more difficult for farmers with all these changes in the …

Andhra Pradesh to fix prices of oil palm soon
2 years, 7 months ago

Andhra Pradesh to fix prices of oil palm soon

Deccan Chronicle  

Vijayawada: Minister for agriculture, cooperatives, marketing and food Kakani Govardhan Reddy said that the AP government will fix prices acceptable to oil palm farmers and factories. During a meeting with farmers and representatives of oil palm factories in the secretariat on Friday, he said that the government will scientifically adopt the oil extraction ratio to fix the price and the …

Breads, Biscuits, Rotis May Get Costlier As Flour Prices High, Govt Scheme Not Announced Yet
2 years, 7 months ago

Breads, Biscuits, Rotis May Get Costlier As Flour Prices High, Govt Scheme Not Announced Yet

News 18  

Breads, biscuits and rotis are likely to see a rise in prices from next month on high wheat flour prices and as the open market sale scheme for wheat for the current year has not been announced yet. Wheat flour’s all-India average retail price stood at Rs 32.78 per kg on Saturday, 9.15 per cent higher than the price a …

Indonesia's Palm Oil Export Ban Effective Today: Here's What You Need To Know
2 years, 7 months ago

Indonesia's Palm Oil Export Ban Effective Today: Here's What You Need To Know

News 18  

The ban on palm oil exports announced by Indonesia last week has come into effect from Thursday. Indonesia last week announced the ban on the export of palm oil with effect from April 28, in the wake of a severe shortage and skyrocketing prices of edible oil in the Southeast Asian nation. So, it’s going to be very challenging.” Santosh …

Explained | Why did Indonesia ban palm oil exports and how will it affect India?
2 years, 7 months ago

Explained | Why did Indonesia ban palm oil exports and how will it affect India?

The Hindu  

The story so far: Indonesia, the world’s biggest producer, exporter, and consumer of palm oil, would be banning all exports of the commodity and its raw materials from April 28 to reduce domestic shortages of cooking oil and bring down its skyrocketing prices, the country’s President, Joko Widodo, announced on Friday, April 22, 2022. Palm oil is the world’s most …

Cooking oil prices in India may spike on Indonesia's palm oil export ban: Report
2 years, 8 months ago

Cooking oil prices in India may spike on Indonesia's palm oil export ban: Report

Hindustan Times  

Edible oil prices in India - already high - are likely to increase with Indonesia - the world's biggest palm oil producer - set to ban exports from April 28 in the wake of a local shortage. Indonesia produces over half world's supply of palm oil - used in everything from processed foods and cosmetics to biofuels - and accounts …

What would the proposed large-scale cultivation of oil palm mean to India’s ecology and economy?
3 years, 3 months ago

What would the proposed large-scale cultivation of oil palm mean to India’s ecology and economy?

The Hindu  

In his Independence Day speech, the Prime Minister announced a scheme to support the growth of palm oil in India. Cornered market According to the U.S. Department of Agriculture, the world will produce approximately 76.5 million tonnes of palm oil in 2021, 58% of this produced in Indonesia, and 26% in Malaysia. The National Mission on Oilseeds and Oil Palm …

India has an edible oil problem, but palm oil won't fix it
3 years, 3 months ago

India has an edible oil problem, but palm oil won't fix it

Live Mint  

M V. Ramoji Rao is a seasoned dentist and a busy one too. About three years ago, many farmers in Rao’s district had uprooted their plantations when the price of fresh fruit bunches of oil palm hovered around ₹8,000 a tonne—less than half of the current market price. Cheap palm oil, nearly all of it imported, accounts for over a …

Rats, drought and labour shortages eat into global edible oil recovery
3 years, 3 months ago

Rats, drought and labour shortages eat into global edible oil recovery

Live Mint  

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. MALAYSIAN WOES In Malaysia, which accounts for around 33% of global palm oil exports, the average yield of palm fruit bunches in Jan-June fell to 7.15 tonnes …

India Makes Aatmanirbhar Plans For Palm Oil, But at Huge Cost to the Environment
3 years, 3 months ago

India Makes Aatmanirbhar Plans For Palm Oil, But at Huge Cost to the Environment

The Quint  

Historical evidence suggests that humans have been using palm oil from as far back as 5,000 years – and this crop was introduced to Malaysia and Indonesia from Africa by British colonialists. Given its affordability, palm oil has become a big source of cooking oil in developing countries like India, but it's also present in pretty much everything else. Oil …

EXPLAINED: Why PM Modi Wants India To Become Atmanirbhar In Palm Oil Production
3 years, 4 months ago

EXPLAINED: Why PM Modi Wants India To Become Atmanirbhar In Palm Oil Production

News 18  

India is the world’s largest edible oil importer, depending on the likes of Malaysia and Indonesia to meet about 60 per cent of its annual need. The Centre has okayed the 11,040-crore National Mission on Edible Oils-Oil Palm days after PM Narendra Modi called on farmers to make India “atmanirbhar” in edible oil production. The call to augment palm oil …

Cooking Oil to Become Cheaper, Import to Reduce; Cabinet Okays Rs 11,040-Cr Plan
3 years, 4 months ago

Cooking Oil to Become Cheaper, Import to Reduce; Cabinet Okays Rs 11,040-Cr Plan

News 18  

Union Cabinet on Wednesday approved a new scheme to make India self-sufficient in cooking oils. Touted as National Edible Oil Mission-Oil Palm, the new system will help the country to increase the domestic production of edible oil. “Due to the heavy dependence on imports for edible oils, it is important to make efforts for increasing the domestic production of edible …

PM Modi's Mega Plan to Make Cooking Oil Cheaper; Cabinet to Announce Oil Mission Today
3 years, 4 months ago

PM Modi's Mega Plan to Make Cooking Oil Cheaper; Cabinet to Announce Oil Mission Today

News 18  

To make India self-sufficient in cooking oils, the Union Cabinet is expected to announce a new plan — National Edible Oil Mission-Oil Palm on Wednesday, sources told News18. “The government will invest more than ₹11,000 crore via the National Mission on oil seeds and Oil Palm to provide farmers everything possible, including better seeds and technology,” PM Modi said on …

PM transfers Rs 19,500-cr to farmers under PM-KISAN, announces mission to make India self-sufficient in edible oils
3 years, 4 months ago

PM transfers Rs 19,500-cr to farmers under PM-KISAN, announces mission to make India self-sufficient in edible oils

Firstpost  

An annual financial benefit of Rs 6,000 is provided to eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2,000 each, under the PM-KISAN scheme Prime Minister Narendra Modi on Monday virtually transferred about Rs 19,500 crore to over 9.75 crore beneficiaries farmers under the government’s PM-KISAN scheme. With this, the government has so far transferred nine …

Farmers turn to palm tree cultivation as returns are high
3 years, 8 months ago

Farmers turn to palm tree cultivation as returns are high

Deccan Chronicle  

Kothagudem: The increase in prices of palm fruit bunches is encouraging farmers to go for palm tree cultivation in place of traditional crops. The continuous increase in the price is tempting farmers to go for palm tree cultivation in larger areas. The lease amount for palm tree cultivation has increased to Rs 80,000 per acre from Rs 50,000. I knew …

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