Edible Oil Scenario in India
Report on GPDP Project in Edible Oil Industry in India
Chapter 1.0: Introduction
1.0 INTRODUCTION
1.1 EDIBLE OIL SCENARIO IN INDIA
India is the fourth largest oilseed producing country in the world, next only to USA, China and Brazil, harvesting about 25 million tons of oilseeds against the world production of 250 million tons per annum. Since 1995, Indian share in world production of oilseeds has been around 10 percent. Although, India is a major producer of oilseeds, per capita oil consumption in India is only 10.6 kg/annum which is low compared to 12.5 kg/annum in China, 20.8 kg/annum in Japan, 21.3 kg/annum in Brazil and 48.0 kg/annum in USA.
Many varieties of oilseeds along with tree origin oilseeds are cultivated in India. Among these, the major oilseeds are Soybean, Cottonseed, Groundnut, Sunflower, Rapeseed, Sesame seed, Copra, Linseed, Castor seed and Palm Kernels. India occupies the place of pride as the world's largest producer of Groundnuts, Sesame seeds, Linseeds and Castor seeds. In India, oilseeds are grown in an area of nearly 27 million hectares across the length and breadth of the country. Depending on the period of cultivation, the oilseeds are classified as 'Kharif Crop' and 'Rabi Crop'. The Kharif Crop that is dependent on the Monsoon is harvested around October-November each year. On the other hand, the Rabi Crop is harvested around March-April each year. The edible oil industry of the country comprises of 50,000 Expellers, 600 Solvent Extraction Plants, 300 Vegetable Oil Refineries, and 175 Hydrogenation Plants. The edible oil sector occupies a distinct position in Indian economy as it provides job to millions of people, achieves on an average a domestic turn over of US $ 10 Billion per annum and earns foreign exchange of US $ 90 Million per annum.
According to an estimate by National Council of Applied Economic Research (NCAER), in the year 2000-2001, the demand for edible oil was projected at 10 million tons against the domestic
Chapter 1.0: Introduction
1.0 INTRODUCTION
1.1 EDIBLE OIL SCENARIO IN INDIA
India is the fourth largest oilseed producing country in the world, next only to USA, China and Brazil, harvesting about 25 million tons of oilseeds against the world production of 250 million tons per annum. Since 1995, Indian share in world production of oilseeds has been around 10 percent. Although, India is a major producer of oilseeds, per capita oil consumption in India is only 10.6 kg/annum which is low compared to 12.5 kg/annum in China, 20.8 kg/annum in Japan, 21.3 kg/annum in Brazil and 48.0 kg/annum in USA.
Many varieties of oilseeds along with tree origin oilseeds are cultivated in India. Among these, the major oilseeds are Soybean, Cottonseed, Groundnut, Sunflower, Rapeseed, Sesame seed, Copra, Linseed, Castor seed and Palm Kernels. India occupies the place of pride as the world's largest producer of Groundnuts, Sesame seeds, Linseeds and Castor seeds. In India, oilseeds are grown in an area of nearly 27 million hectares across the length and breadth of the country. Depending on the period of cultivation, the oilseeds are classified as 'Kharif Crop' and 'Rabi Crop'. The Kharif Crop that is dependent on the Monsoon is harvested around October-November each year. On the other hand, the Rabi Crop is harvested around March-April each year. The edible oil industry of the country comprises of 50,000 Expellers, 600 Solvent Extraction Plants, 300 Vegetable Oil Refineries, and 175 Hydrogenation Plants. The edible oil sector occupies a distinct position in Indian economy as it provides job to millions of people, achieves on an average a domestic turn over of US $ 10 Billion per annum and earns foreign exchange of US $ 90 Million per annum.
According to an estimate by National Council of Applied Economic Research (NCAER), in the year 2000-2001, the demand for edible oil was projected at 10 million tons against the domestic