India plans to raise palm oil production by 3L tonnes in 5 yrs

India plans to raise palm oil production by 3 lakh tonnes in 5 years. The agriculture ministry is to implement a special programme to increase the area under palm farming by 60,000 hectares to over 2.11 lakh hectares, from the current 1.71 lakh hectares.

A union agriculture ministry official said that the 300-crore rupee programme is to be implemented in eight states. Under the 12th Five Year Plan, the agriculture ministry is giving special focus to oilseed production in the country, which continues to lag consumption despite recent efforts at boosting production. Oilseed production is likely to exceed 30 million tonnes ,equivalent to about 8 million tonnes of edible oil, in 2010-11.

India still has to import more than the domestic production to meet consumption needs. In the 2010-11 financial year, India’s edible oil imports stood at 8.82 million tonnes – 82 lakh tonnes more than the total domestic production.

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