New Delhi: Edible oil industry body SEA fears that farmers may shift from oilseed cultivation to some other crops as domestic prices have crashed to five-year low.
The association demanded that the government raise import duty on edible oil and boost procurement to check sliding domestic prices and protect interest of farmers as well as processors.
Soyabean, groundnut and sunflower are grown in Kharif (July-October) season. The sowing operation has started with onset of monsoon, which is projected to be normal this year.
In a letter to its members, Solvent Extractors' Association (SEA) President Atul Chaturvedi said prices of soyabean, mustard and groundnut have fallen below the minimum support price (MSP).
He demanded that import duty on crude edible oil be raised to 20 per cent and refined oil to 35 per cent. Read More.....
The association demanded that the government raise import duty on edible oil and boost procurement to check sliding domestic prices and protect interest of farmers as well as processors.
Soyabean, groundnut and sunflower are grown in Kharif (July-October) season. The sowing operation has started with onset of monsoon, which is projected to be normal this year.
In a letter to its members, Solvent Extractors' Association (SEA) President Atul Chaturvedi said prices of soyabean, mustard and groundnut have fallen below the minimum support price (MSP).
He demanded that import duty on crude edible oil be raised to 20 per cent and refined oil to 35 per cent. Read More.....