Economic dataMoneycontrol
India needs to cut edible oil, pulses import dependence
Negative-51
GreyOak summary
NITI Aayog vice-chairman Ashok Kumar Lahiri stated India is not yet secure on food supply, importing over half its edible oil needs worth USD 20 billion. He highlighted vulnerability to global price shocks for staples like dal and roti. Lahiri urged promoting domestic edible oils and pulses to reduce reliance on imports from countries like Australia, Canada, and Russia.
What it affects
- Agri commoditiesNegative -51
Import dependence on edible oilsRolling sentiment Neutral -9
