Import Dependence in Edible Oils

India is one of the world's largest consumers and importers of edible oils. Despite being a significant producer of oilseeds, the domestic production consistently falls short of the burgeoning demand, leading to a substantial reliance on imports to meet the country's cooking oil needs. This dependence drains foreign exchange, exposes the economy to global price volatility, and impacts the livelihoods of domestic oilseed farmers.

Recent Developments

  • For the fiscal year 2024-25, India's import dependence on edible oils remains high, hovering around 60% of its total consumption.
  • In FY 2024-25, India imported a record 16.4 million tonnes of vegetable oils, ....
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Indian Economy & Socio-economic Development