Agriculture Ministry proposes Rs 19,000-cr plan for edible oil in Budget

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Agriculture Ministry proposes Rs 19,000-cr plan for edible oil in Budget

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, ET BureauLast Updated: Jan 26, 2021, 11:38 AM IST

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Synopsis

import cessThe mission may be funded by levying a cess of ₹2,500-3,000 per tonne on import which will generate a corpus of ₹6,000 crore per year

The government is focusing on promoting oil palm cultivation in the country. Palm oil accounts for more than 60% of the total imports.

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