date:Dec 17, 2015
cent of edible oil consumption.
The edible oil industry in India is largely driven by import of edible oils. Each segment in the edible oil industry is subject to a gamut of different factors such as price hikes and change in government policies. The edible oil industry in India has grown at a CAGR of 13.1% from Rs 638.4 billion in FY 2009.
India is the worlds fourth-largest edible oil economy, after USA, China and Brazil with 15,000 oil mills, 711 solvent extraction units, and 264 vanaspati