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Palm oil

Facts for Prelims (FFP)

 

Source: Financial Express

 Context: The Indian government aims to triple palm oil production by 2030 as part of the national oil palm mission.

  • This initiative is in response to the projected increase in domestic edible oil consumption from 24 million tonnes to 30 million tonnes by 2030.
  • Despite these efforts, India’s import dependence on edible oils is expected to continue due to rising consumption.
  • Currently, India imports around 14 million tonnes of edible oil, which is likely to reach a record 17 million tonnes in the current oil year due to falling global prices.

Major oil palm-growing states in India include Andhra Pradesh, Telangana, and Kerala, which account for 98% of total production.

 

 Palm oil is an edible vegetable oil that comes from the fruit of the oil palm tree. It’s the most widely used vegetable oil in the world and is found in about 60% of all packaged products in supermarkets.

  • Palm oil is used in Food manufacturing, Beauty products, Biofuel, and Cookies. 
  • There are two types of palm oil: 
  • Crude palm oil:Comes from squeezing the fleshy fruit
  • Palm kernel oil:Comes from crushing the kernel, or the stone in the middle of the fruit