Good News in India

By PSU EcoMerge Capstone - 3:44 PM

Did you know that India is the world’s biggest user of cooking oil after China and is the largest buyer of palm oil, which represents more than 80 percent of its edible-oil imports?  However, just recently, government officials have offered a higher profit on monsoon-sown oil seeds than on food grains. This will help to boost output of soybeans and peanuts and potentially reduce imports of palm oil. By reducing imports of palm oil we can reduce the demand for it as well which will help to restore the forests that have been destroyed!


Indian Farmers to Boost Oilseed Output


To read the full article visit:
http://www.bloomberg.com/news/2011-05-19/palm-oil-imports-by-india-may-decline-as-farmers-boost-oilseed-production.html

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