Edible Oil Sector Anticipates Policies for Growth and Self-Reliance

The edible oil industry is eagerly anticipating key measures in the Union Budget 2025, aiming to address import dependency, boost domestic production, and promote sustainable practices. Stakeholders believe that targeted investments and infrastructure enhancements will significantly strengthen the sector.

Enhancing Domestic Oilseed Cultivation

To reduce India's reliance on imports, industry leaders emphasize the necessity of supportive policies for oilseed cultivation. Anubhav Agarwal, Managing Director of BN Group, highlighted the importance of incentivizing farmers and promoting advanced refining technologies. Furthermore, addressing infrastructure challenges, such as high logistics costs, would make edible oils more affordable for consumers. With these measures, India can take significant steps toward creating a self-reliant edible oil ecosystem.

Advanced Refining and Sustainable Practices

In addition to boosting cultivation, the sector is urging the government to encourage investments in modern refining technologies. Agarwal further noted that adopting sustainable farming practices can stabilize input costs and foster long-term growth. Moreover, policies that prioritize eco-friendly production methods will not only ensure affordability but also align with global sustainability goals.

Reducing Import Dependence

Currently, India imports a substantial portion of its edible oil needs, which poses challenges to the country’s trade balance. However, industry stakeholders are optimistic that new policies will focus on reducing this dependency. For example, streamlining logistics, mitigating global market fluctuations, and improving cost-efficient supply chains will play a pivotal role in strengthening the sector.

Infrastructure and Research Investments

Experts also stress the importance of addressing infrastructure gaps and increasing investments in research and development. For instance, better storage and transportation facilities would help reduce wastage, while innovative technologies could revolutionize production processes. Ultimately, these measures would help the edible oil sector meet growing consumer demand while driving economic growth.





Click here to reach our trading platfrom CMBroker