Estimates of record production of mustard this year, may get relief in oil prices

According to edible oil organizations, farmers have planted mustard in more area because they got better price. In such a situation, record production of mustard is possible this year.

Estimated record production of mustard this year

Mustard oil (mustard oil) to common people this yearMustard oilAccording to the edible oil organization COOIT, the area under mustard oil has increased due to good prices last year, which is expected to produce a record mustard this year. The organization will soon release its mustard production estimates. Edible Oil Industry Organization COOIT edible oil ,edible oilpromotion of domestic production of ) and imports (importTo reduce the dependence on it, the government has been demanded to promote mustard cultivation in the country. The Central Oil Industry and Trade Organization (COOIT) also requested the government to maintain fair import duty differential between crude and refined edible oils to protect the interest of local oilseeds processors.

Mustard production estimates will be released soon

The industry body will organize its 42nd annual conference in Rajasthan’s Bharatpur from March 12-13 to finalize the estimates of mustard production in the current Rabi (winter sown) season. The conference will also deliberate on other challenges faced by domestic processors such as high global prices and rising imports in value terms. The 42nd All India Rabi Seminar on ‘Oilseeds, Oil Trade and Industry’ will also be attended by several Union and State Ministers, government officials, agricultural scientists, industry leaders and progressive farmers, the COOIT said in a statement. The event will be organized by Mustard Oil Producers Association (MOPA) and Bharatpur Oil Millers Association (BOMA). During the conference, the COOIT will announce the area under cultivation, yield per hectare and production of mustard for the crop year 2021-22 (July-June). Mustard seeds are grown in Rabi season only and sowing starts from October, while harvesting starts from the end of February. Mustard is mainly grown in Rajasthan, Haryana, Madhya Pradesh and Uttar Pradesh.

Mustard expected to produce record

COOIT President Suresh Nagpal said, “We are expecting record mustard production this Rabi season. Farmers have planted this crop in more area as they have got better price than last year’s crop. KK Aggarwal, President, Boma said, “There is a lot of scope to increase the area under mustard cultivation. Since the oil content in mustard seed is much higher than in soybean seed, it is necessary for the government to encourage the cultivation of this crop.

Imports account for 60 to 65 percent of the demand for edible oil

India imports about 60-65 per cent of its total domestic demand for edible oils. The country’s imports remained stable at 13 million tonnes in the oil year 2020-21 (November-October). However, in value terms, the imports increased significantly and reached a high of Rs 1.17 lakh crore as compared to the imports of around Rs 72,000 crore in the previous year. OOIT said it is urging the government to maintain a fair import duty differential between crude and refined edible oil to protect the interests of local processors. Established in the year 1958, COOIT is the apex body representing the interests of the entire vegetable oil sector in the country.

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