Vegetable Oil
PRE-BUDGET MEMORANDUM for 2012-2013
IN VEGETABLE OIL SECTOR
Of
The Central Organisation for Oil Industry & Trade
The Central Organisation for Oil Industry & Trade (COOIT) is the National Apex Body representing the interests of the entire vegetable oil sector in the country and has been playing a vital role in increasing production / productivity of oilseed/edible oils. State level Associations, prominent manufacturing/business concerns in Industry & Trade and Export Houses etc. connected with the vegetable oil sector are our members. Established in 1952, COOIT is engaged in the development and growth of the vegetable oil sector which is crucial to our economy.
2. Edible oils and fats are essential ingredients for a wholesome and balanced diet and are vital items of mass consumption. WHO has recommended that the total fat intake as a % of Energy should not be less than 15% and should not exceed 30%. Thus, it plays an important role in Food Sector.
3. According to the projections for oilseeds/edible oils made by the Expert Group constituted under the Ministry of Agriculture by the Planning Commission, the annual requirement/demand for edible oils in the country in terms of consumption of edible oils based on behaviouristic approach was 143.75 lakh tons and 149.49 lakh tons in 2010-11 and 2011-12 respectively.
4. COOIT estimated the production of oilseeds in the Oil Year 2010-2011 at 254.40 lakh tons consisting of kharif 155.65 lakh tons and Rabi 98.75 lakh tons. Total oilseeds production in 2010-2011 was higher by about 26.80 lakh tons over the previous year. On the basis of oilseeds production, the availability of indigenous edible oils would be 85.23 lakh tons as against 77.70 Lakh tons in the previous Oil Year. The oilseed production estimates released by the Ministry of Agriculture for the same period are higher at 311.01 Lakh tons in 2010-2011 (4th Advance Estimates).
5. India’s annual per capita consumption has shown a steadily
IN VEGETABLE OIL SECTOR
Of
The Central Organisation for Oil Industry & Trade
The Central Organisation for Oil Industry & Trade (COOIT) is the National Apex Body representing the interests of the entire vegetable oil sector in the country and has been playing a vital role in increasing production / productivity of oilseed/edible oils. State level Associations, prominent manufacturing/business concerns in Industry & Trade and Export Houses etc. connected with the vegetable oil sector are our members. Established in 1952, COOIT is engaged in the development and growth of the vegetable oil sector which is crucial to our economy.
2. Edible oils and fats are essential ingredients for a wholesome and balanced diet and are vital items of mass consumption. WHO has recommended that the total fat intake as a % of Energy should not be less than 15% and should not exceed 30%. Thus, it plays an important role in Food Sector.
3. According to the projections for oilseeds/edible oils made by the Expert Group constituted under the Ministry of Agriculture by the Planning Commission, the annual requirement/demand for edible oils in the country in terms of consumption of edible oils based on behaviouristic approach was 143.75 lakh tons and 149.49 lakh tons in 2010-11 and 2011-12 respectively.
4. COOIT estimated the production of oilseeds in the Oil Year 2010-2011 at 254.40 lakh tons consisting of kharif 155.65 lakh tons and Rabi 98.75 lakh tons. Total oilseeds production in 2010-2011 was higher by about 26.80 lakh tons over the previous year. On the basis of oilseeds production, the availability of indigenous edible oils would be 85.23 lakh tons as against 77.70 Lakh tons in the previous Oil Year. The oilseed production estimates released by the Ministry of Agriculture for the same period are higher at 311.01 Lakh tons in 2010-2011 (4th Advance Estimates).
5. India’s annual per capita consumption has shown a steadily