KUALA LUMPUR: India will remain the main export destination for the world’s top largest palm oil producers – Indonesia and Malaysia, for the foreseeab...
: India will remain the main export destination for the world’s top largest palm oil producers – Indonesia and Malaysia, for the foreseeable future given the time taken for India to get its agriculture sector upgraded and modernised, Palm Oil Analytics owner and co-founder Dr Sathia Varqa said.“Palm requires plenty of rain to produce optimum yields and the absence of rain for more than two months will severely reduce yields.
He was advised by agricultural scientists and economists on the potential of oil palm plantations in the northeast region that would help India’s drive for self-sufficiency. Indian trade group which represents the oilseed crushers, Solvent Extractors’ Association , applaud Modi’s call, saying that it would reduce imports.
India has identified about two million hectares of land that is suitable for oil palm cultivation. This can yield up to eight million tonnes of palm oil.
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