India aims for greater edible-oil output through increased subsidies

06/28/2011 | Reuters

India is increasing its subsidies for edible oils by as much as 19% for the 2011-12 farming year as it seeks to boost domestic harvests. "There is a shortage of edible oil followed by pulses. These are our two biggest import items in the food basket and the price policy is giving a signal of the direction we need," said government farm-price official Ashok Gulati. India's vegetable oil imports have risen for two consecutive months.

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