Palm oil is edible oil which is extracted from the pulp of fruit of oil palms. The color of pulp is red. That's why crude palm oil is naturally similar to pulp color because of high inactive vitamin A content. It is different from kernel oil or coconut oil. Commonly it is combined or mixed with coconut oil to make highly saturated vegetable fat, which is also used for cooking purposes. Refining process is a necessary step for the production of edible oils and fats products. The objective of this process is to remove the impurities and other components, which will affect the quality of finished product.
Indian edible oil industry is composed of some 15,000 oil mills, 600 solvent extraction units, 250 vanaspati units and over 600 refining units. These employ over a mn people. High import duty on palm oil will curb imports of edible oils in the current oil year. Imports are not expected to cross last year’s level of 15.1 million tonne. The increase, if at all, will be of only around 200,000 tonnes. Entrepreneurs who invest in this project will be successful.
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