Will India’s palm oil production triple in 6 years?
Government incentives since 2021 have boosted planting, with Godrej Agrovet expecting its production to double by the same period. India’s palm oil production is likely to triple in six years as the area under oil palm plantations increases and as plantations become mature for harvesting, a senior industry official said on Friday.
How big is India’s palm oil production?
India’s palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, said Sougata Niyogi, chief executive officer of the oil palm plantation division at India’s biggest palm oil producer, Godrej Agrovet Ltd.
Is there a potential area for oil palm cultivation in India?
A statement indicating total potential area for oil palm cultivation in India may be seen in Annexure-I. Oil palm has a long gestation period and restricts income flow to farmers for at least 4-5 years.
How to boost oil palm cultivation in India?
To boost oil palm cultivation, Government of India had implemented a Special Programme on Oil Palm Area Expansion (OPAE) under RKVY with an objective to bring 60,000 ha area under Oil Palm cultivation during the year 2011-12. It was continued till March, 2014.
When was oil palm introduced to India?
9. Oil palm was introduced to India at National Royal Botanical Gardens, Kolkata during the year 1886. The Maharashtra Association for Cultivation of Sciences (MACS), Pune later introduced African dura palms along canal bunds, home gardens and, to some extent, in forest lands near Pune during 1947 to 1959.
How much palm oil will India produce by 2030?
India’s palm oil output is expected to rise to 1.2 to 1.5 million metric tons by 2030-31, up from approximately 400,000 tons, driven by an expansion in plantation areas, stated the CEO of the oil palm plantation division at Godrej Agrovet Ltd., Mr. Sougata Niyogi, India’s largest palm oil producer.