The Solvent and Extractors Association of India (SEA) the umbrella body of oil extractors and solvent manufacturers in a press statement had attributed this to the current 5.5 per cent import duty on crude palm oil.
During the Oil Year (November 2022- October 2023), India imported 167.1 lakh tonne of edible oil – which was 16 per cent higher than the preceding year
The Union Cabinet has approved continuation of the Animal Husbandry Infrastructure Development Fund (AHIDF) under Infrastructure Development Fund (IDF) with an outlay of ₹29,610.25 crore till 2025-26. India s aquaculture exports in 2023-24 were flat, after having grown in double digits during the last decade. Industry players say that focus on increasing productivity at the farm level will help improve its global competitiveness by reducing cost of production.
For the ruling BJP, weak price outlook for soyabean can prove to be a problem as the party hopes to be re-elected in Madhya Pradesh- the largest soyabean growing state in the country.