It is estimated that the total vegetable oil requirement in the country for 2022 will be 33.20 million tonnes, assuming a consumption of more than 22 kg per person per annum. However, the anticipated vegetable oil production from 45.64 million tonnes of oilseeds in 2022 is only 13.69 million tonnes.
The vegetable oil availability from secondary sources such as coconut, cotton seed, rice bran, solvent extracted oil (SEO), and tree & forest origin is expected to be around 5.22 million tonnes by 2022 (as shown in Table 7). Therefore, the anticipated vegetable oil availability (primary + secondary + oil palm) would be around 17.03 million tonnes, indicating a possible reduction in imports by about 15% from the current 67% by 2022. This would be a significant achievement, reducing the import burden by about Rs. 15,000 crore compared to the present status of imports.
The National Mission on Oilseeds and Oil palm (NMOOP) for Oilseeds & Oil palm development programme was started in 2014-15 and continued up to 2017-18. Following the decision of the Cabinet Secretary regarding the merger, conversion, or linkage of schemes, sub-schemes, programmes, etc. with similar components such as incentive for seed, demonstration, and farm implements, including efficient water application tools covered under NFSM and Oilseeds, it was merged under revamped NFSM from the year 2018-19.
List of Top 7 Vegetable Oils & Products in India (BSE) based on Net Sales.
| Company Name | Net Sales (Rs. cr) |
| Patanjali Foods | 31,524.66 |
| Gokul Agro | 10,082.82 |
| Vijay Solvex | 2,430.13 |
| BCL Industries | 1,631.51 |
| Ajanta Soya | 1,236.20 |
| Agro Tech Foods | 848.48 |
| Kriti Nutrients | 796.87 |
Source: BSE, India, last updated 26 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Chandrasekaran, S., & Achaya, K. T. (1980). Profile of Indian Vegetable Oil Industry: II: Movements of Oilseeds and Oils. Economic and Political Weekly, 475-482.
2. Gunawan, I., Vanany, I., & Widodo, E. (2021). Typical traceability barriers in the Indonesian vegetable oil industry. British Food Journal, 123(3), 1223-1248.
3. Chandrasekaran, S., & Achaya, K. T. (1980). Profile of Indian Vegetable Oil Industry: I: Production System. Economic and Political Weekly, 441-445.
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