date:Dec 17, 2015
Indias consumption of edible oil has risen to around 17.5 million metric tonne (mmt) in 2012-13 from 11.6 mmt in 2003-04, at compounded annual growth rate (CAGR) of 4.6% during the period under consideration, according to data available from the Solvent Extractors Association of India (SEA).
With growing population, Indias demand for edible oil has been rising consistently with CAGR of 2.7% in the last three years and around 5.5% in the last five years. Apart from population growth, another si