ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Ramgopal KundurthiSubscribe to Ramgopal Kundurthi

Volatility in Edible Oil Economy

The per capita consumption of edible oils in India has increased multifold during the last six decades, buoyed by the increase in population, incomes, and preference for processed foods. The impact of the Technology Mission on Oilseeds launched in 1986 to increase production was short-lived as competitive imports increasingly served domestic requirements post-liberalisation. In the absence of a stable domestic policy, the oilseeds/edible oils sector was excessively dependent on international factors. The disruption of global supply chains due to the pandemic followed by the Russia–Ukraine war exposed the sector’s vulnerabilities, highlighting the need for self-sufficiency in edible oils. The analysis of price volatility in the sector reveals the challenges and policies required for achieving such self-reliance.

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