India's push for domestic palm oil production raises ecological concerns

NEW DELHI – India, the world’s largest importer of palm oil, is pushing to increase domestic production of the commodity to reduce its ballooning edible oil import costs, part of a national initiative to make the country self-sufficient in cooking oils.

The move was announced by Prime Minister Narendra Modi on Aug 9 with funding of more than 110 billion rupees (S$2 billion), which includes support for farmers growing oil palm. The government hopes to triple domestic production of palm oil to 1.1 million metric tonnes by 2025-26. This will require expanding oil palm acreage from around 357,000 ha at present to one million ha by 2025-26.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article