EDIBLE OIL REFINERY UNIT Indian edible oil industry is composed of some 15,000 oil mills, 600 solvent extraction units, 250 vanaspati units and over 600 refining units. These employ over a million people.With around 8% of world oilseeds production, over 7% of global protein meal production, around 4% of world oil meal export, total oilseeds production of 23 mn tonne and 5.6 mn tonne of edible oil production, India is the fourth largest edible oil economy in the world valued at USD 16.5 bn (Rs 660 bn). India has a share of nearly 6% of global vegetable oil production, nearly 11% of global vegetable oil imports and 9% of global edible oil consumption. And yet over 40% of the edible oil availability in the market is sourced from imports. The edible oil segment is currently undergoing a metamorphosis as a result of spiralling prices of soft oils - sunflower and soyabean. Premium branded vegetable oil makers are expanding their product portfolio to include less-upmarket oils from cottonseed, groundnut or even palmolein in consumer packs. India has a potential to produce about 1.50 mn tonne of rice bran oil. Of this potential, only half or 750,000 tonne, is produced. Some 200,000 tonne of oil is being used as refined rice bran oil for cooking. The rest is used in vanaspati. There are some 30 plants refining crude rice bran oil.
Posted on: Sat, 26 Oct 2013 06:26:51 +0000
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