Edible oil industry body -- Solvent Extractors Association of India (SEA) has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade. SEA also requested the government to provide more incentive for export of groundnut.
SEA said the association in the meeting discussed in detail about the scope of the industry and suggested a few actionable points. One of the recommendations made was to allow import of only crude palm oil and keep all refined oils under the restricted category.
The government has kept only RBD Palmolien in the restricted category of trade since January this year. The country imports annually about 14-15 million tonnes of edible oils to meet domestic demand. To increase domestic production of oilseeds, the SEA has urged the government to provide higher incentives for R&D and improved seed of various varieties of oilseeds.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: