National mission to boost palm oil industry in State
The Hindu
₹11,040-cr. project aims at a production of 11.20 lakh tonnes by 2025-26
National Mission on Edible Oils-Oil Palm (NMEO-OP), a ₹11,040-crore project by the Union government to maximize cultivation and production, is expected to bring in remarkable growth prospects for the palm oil industry in the State. While both farmers and refiners find the scheme extremely encouraging, it can also revitalise the estates run by Oil Palm India Limited and Plantation Corporation of Kerala. Since India is heavily dependent on imports when it comes to crude and refined palm oils, the industry stakeholders believe that the current development will be highly beneficial for the sector.
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