Oil Palm Current Affairs, GK & News

Cabinet approves National Mission on Edible Oils

Cabinet approved the ‘National Mission on Edible Oils — Oil Palm (NMEO-OP)” with the financial outlay of Rs 11,040 crore. Key Points This approval was given in order to promote the domestic cultivation of oil palm in next five years. It will help in reducing India’s dependence on imports. The decision was taken after Prime ..

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Current Oil Palm Production Figures

Although the plant originated in West Africa, it has naturalized in the tropical regions within 20° of the equator. The plant is most abundant in South East Asian countries because of favourable climatic conditions there. Global production of palm oil is around 50-52 million tonnes of which 85% is produced by Indonesia and Malaysia. With ..

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