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Edible oil output may dip 7.4% in 2009-10

The government today said edible oil output is likely to decline 7.4 per cent to 7.96 million tonnes in the 2009-10. Edible oil production, last year, stood at 8.6 million tonnes. Oil season runs from November to October. - Wheat export ban to stay - Centre to set up model markets for perishable commodities - Market for perishable commodities on cards - Foodgrain output tops 233.87 MT in 2008-09 - Govt mulling to amend crop insurance scheme - India"s demand for sugar led to higher global Sensex ends up 35pts The domestic edible oil production is likely to decline following a dip in oilseeds production, which is estimated to be 15.23 million tonnes in the kharif season against 17.88 million tonnes in the last season, the official data showed. Thomas said, “There is a wide gap in the production and demand of edible oil in the country and imports are resorted to bridge the gap.”

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