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Edible Oil Industry seeks Government aid amid West Asia conflict
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Saturday, 16 May, 2026, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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India’s edible oil industry has urgently appealed to the central government for policy intervention and financial support to counter severe trade uncertainties triggered by the ongoing conflict in West Asia.
In a formal submission to the Union ministries of finance, commerce, agriculture, and food, the Solvent Extractors’ Association of India (SEA) highlighted that escalating geopolitical tensions have severely disrupted maritime routes.
As per reports, SEA has sought government intervention to deal with the crisis, which has led to skyrocketing freight costs, inflated marine insurance premiums, and heightened price volatility, threatening domestic supply chains.
Reports added that SEA has requested a direct subsidy on freight costs for importing crude edible oil, alongside priority berthing for cargo vessels at Indian ports to prevent costly logistical delays.
India currently relies on imports to meet nearly 60 percent of its domestic edible oil demand, making it highly vulnerable to international shipping disruptions.
On the export front, the association has urged the government to boost incentives for agricultural produce. Specifically, the SEA is seeking a 5 percent interest subvention on oilmeal exports to help domestic processors remain competitive in the volatile global market.
Furthermore, the industry body stressed the need for affordable working capital to support refiners facing increased operational risks.
Without swift government intervention, the association warned that prolonged logistical challenges and rising import bills could trigger significant inflationary pressure on domestic cooking oil prices for consumers.
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