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Like transport fuel India is also dependent on edible oil
imports. Therefore to impose a ban on Indonesian palm oil exports New Delhi
fears the danger. The taste of oil in Indian leaves is changing. In the wake of
the crisis over the import of edible oils like palm or sunflower, India's rice
bran oil is entering the void.
Rice bran oil is made from rice bran. According to the
concerned quarters, India is the second largest producer of paddy after China.
In that sense, the country is self-sufficient in the supply of chaff. But
edible oil made from it is much more expensive. That's why Rice Bran Oil is
preferred by some health conscious people but most buyers avoid it. So its
share in the overall edible oil market is also small. But in the age of widely
used palm and sunflower oil, that partnership is growing rapidly. The price is
now lower than the rest.
India is also dependent on edible oils as transport fuel.
That is why New Delhi has decided to impose a ban on the export of Indonesian
palm oil. Because, it is the best selling edible oil in this country. The palm
oil crisis comes at a time when Russia's military aggression has also cut off
supplies of sunflower oil from Ukraine to India. But they are the biggest
suppliers. As a result, the price of edible oil is skyrocketing in the market
by increasing the blood pressure of the masses. This crisis is driving the
demand for rice bran oil, claims BV Mehta, secretary general of the
International Association of Rice Bran Oil. He said the oil had to be imported
from Bangladesh to meet the demand.
India's demand for edible oil is about 2.3 crore tonnes a
year. 1.3 crore tons are imported. Companies like Adani Wilmar, Emami, Cargill
have also seen the sale of Rice Bran Oil. The price per tonne is 1.47 lakh
rupees and Rs 1.70 lakh sunflowers. But for so long, the price of rice bran was
about 25% higher. According to data from the Solvent Extractors Association of
India, it has recently become more affordable than imported edible oil.
Opportunities have also come for rice mills. Puneet Gayal,
CEO of Ricela Group, the largest producer of rice bran oil, says that in the
past, bran was mainly used as a feed for cattle and poultry. Now they are
emphasizing on the production of chaff for making oil. Companies like PepsiCo
and Haldiram are also making packaged fried food in this oil. So in two months,
Ricela Group is increasing its oil production capacity from 600 tons per day to
750 tons.
As the demand for oil increases, so does the price of chaff the price of chaff is also
increasing. Husk has increased from Rs 30,000 to Rs 36,000 per tonne. However,
there are doubts as to how much oil production is possible according to the
demand. To make oil suitable for human consumption, the husk has to be
processed separately within a certain period of time. That infrastructure is
not enough now. As a result, it is possible to process 55% of rice bran oil.
The rest goes to the animal feed market.
|Source: Online/SZK
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